Diddy has sold off all of his remaining shares of his media company he started in 2013, Revolt. Sources told TMZ the company is no longer owned by the hip hop mogul. There is no Public information on the amount the new buyer purchased for his shares but we do know the company is still under black ownership.
The new owner requests to remain anonymous until they make a formal, public announcement in the coming weeks. As we reported in November Diddy stepped down as the Chairman following the Cassie lawsuit, but he still had ownership in the company. That has now shifted since he sold his shares to the anonymous buyer this week.
Per TMZ’s sources, Revolt’s CEO Detavio Samuels and Chief Brand Officer Deon Graham will remain in their current positions and assist the owner while the ink dries on the contract. Another thing … we’re told there’ll be no major changes to staffing or production for Revolt TV employees.
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