Diddy Sells Off All Revolt TV Shares To Nameless Purchaser

Diddy‘s not related to Revolt TV in any type or trend — the corporate he began in 2013 — as a result of it is now fully beneath new possession … TMZ has discovered.

Sources conversant in the deal inform us Diddy lately offered off all of his shares to an purchaser for an undisclosed sum — however we’re instructed the corporate stays Black-owned … upholding its authentic connection and dedication to furthering the tradition.

Like we mentioned, it is unclear what precisely Revolt went for when it was all mentioned and accomplished — however we’re instructed the brand new boss needs to stay nameless in the interim. With that mentioned, our sources say they share a deep ardour for Black tradition … and so they plan on publicly making a proper introduction within the coming weeks.

As you recognize, Diddy has been inactive with the community since stepping down as Chairman last November … and his final order of enterprise was being notified of the sale, which we’re instructed simply went via this week. We’re instructed it was an amicable deal, and everybody’s comfortable.

Per our sources, Revolt’s CEO Detavio Samuels and Chief Model Officer Deon Graham will stay of their present positions and help the proprietor whereas the ink dries on the contract. One other factor … we’re instructed there will be no main modifications to staffing or manufacturing for Revolt TV workers.

Our sources say that, over time, the brand new proprietor will implement their imaginative and prescient … however that in the interim, issues will largely stay the identical because the transition happens.

The one factor everybody’s questioning … is that this information in any manner related to what’s been happening with Diddy personally? On its face, the 2 issues look like unrelated … as we’re instructed this had been getting hammered out properly earlier than Diddy’s properties were raided Monday.