Sean "Diddy" Combs

Diddy Reportedly Bid $200 Million To Purchase Fuse TV Channel


(AllHipHop News) It looks like when Sean “Diddy” Combs said “I told you that we won’t stop” he was dead serious. Bloomberg reports the Hip Hop mogul is looking to expand his media empire to include the music cable channel Fuse.

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According to sources, Diddy put in a bid of $200 million to purchase Fuse and convert it to Revolt TV. He is said to be among several bidders for the network.

Revolt is currently available to 22.8 million households through Comcast and Time Warner. Fuse, currently owned by the Madison Square Garden Company, reaches 74 million households.

The Dolan Family, who started MSG Co. and run the corporation, are supposedly seeking about $400 million for Fuse.

“We are exploring strategic alternatives for Fuse, and will have no further comment during what is still an ongoing process,” MSG spokeswoman Kimberly Kerns told Bloomberg.

If Diddy is able to pull off the purchase, the bolstered Revolt TV will join his other business ventures including Bad Boy Entertainment and Cîroc vodka.

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  • wickedjones

    Keep F%cking them up Diddy. Good luck.

  • David Gonz

    THIS NIGGA TRIED TO KISS DUE FROM U2 BHAHAHAHA

  • bigdoe6

    Strategy+Positioning=Winning. He might not be your favor rapper but he has to be your favorite hustler.

  • MR. UNDI$PUTED THE MOGUL

    Big Ups to Puff for showing us other Young Black Entrepreneurs how to keep striving to be Bigger, Better & more Successful.

  • Immortal

    If he get’s it, I hope that he uses it as an educational and informative tool for the masses, and not a Diddy live cam show. It would suck to see his teeth and his dancing 24/7 on any station, Damn good power move.

    • Pirate7X

      Ha probably some of both, good or bad. Likely more business of breaking artists and getting what’s hot in pop music plus subtly pushing artists he get behind.

      You can forget about ‘educational & informative’ in a total sense, this is business $ and cents, not PBS. Maybe he’ll have music educational promos and spots about youth health & STD safety if we’re lucky.

  • KingsCountyCrooklyn

    Diddy trying to get the keys to multiple cities…

  • s0rethumb

    Do it Puff!

  • The_Good_Life

    Anybody got a phone #. Got a c-note I wanna chip in.lol

  • LexxBrown

    I want puff get that!

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  • Fuck boy killer

    I want to sell my soul to the devil just like Diddy did though…

  • ladynamor

    I also have 200 million channels to choose from. Cable is like Satellite Radio. I wouldn’t invest in it. Sh!t is highly volatile and unstable.

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  • ThatBostonMan

    This purchase will make him a billionaire for certain if he pulls it off. Additionally it will create an audience for his artists. It’s a strategically brilliant move.

  • Black Jay

    The most powerful weapon in America is media. Whoever controls the message wins the war. A true power move from Diddy. I doubt he’ll get it though. The company is looking for $400 Million. Diddy’s only offering $200 Million. It’s still early but there are quite a few other dudes out there where $400 Million is like wiping their ass with a $20 dollar bill. I don’t know…. Let’s hope for this best. Good luck Diddy.

  • It’s great, but we are loosing TV to the internet…..Everything in this world is internet based and even then it’s still competitive…… I do like the fact that Diddy understands that even though he is great at what he does, no one cares to hear his music anymore, and he moved on to doing so many other positive things in the world unlike these other rich rappers that is just taking up space.

    • Pirate7X

      Puff’s group probably knows that and sees Fuse has an active internet platform that they wish to exploit.

      True what you say that he knows nobody wants to hear his music anymore; I believe he actually gave up investing serious work in music a decade ago (ask the Making the Band cast, Dirty Money, Loon, G-Dep, Black Rob, etc.). Let’s hope he does better by this venture and those employed under it.

  • Pirate7X

    It’s obvious that Puff & his surely many financial advisors have investigated seeing that Fuse as a media company (not just cable channel) could be a great strategic opportunity to expand RevoltTV’s reach and his various brands. You can also believe that this inspecting of Fuse’s profits and potential likely has been going on for some time before their $200 mil bid. Fuse may want $400 mil but sides likely know it’s not worth that much on paper, everybody wants to make a profit.

    This appears to be bid to lure more investors to join Puff. Very simply a case of “you need more people”; Fuse ain’t getting that 400. When you’re selling you always start as high as the market will seem to allow that attracts bids. Fuse is probably worth 200 on paper and that’s where Puff’s group is starting the lowball bid.

    Holla when the deal goes down for $275-$300 million with minor stakes added on by nameless & famous investors (possibly Jay-Z who’s already partnered with Puff on some biz and Steve Stoute’s Translation) and Fuse’s PR announces “we are very happy to have enter a deal with Bad Boy Inc. …”

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  • But isn’t it kind of wrong for artist like Diddy to own a huge music based network just to push his own artists? That’s like being a Dj at a radio station and only playing your own songs all day….The public should be the ones who determine what’s hot and what’s not, it seems unfair for an artist to not get the proper exposer like every other artist, instead of the exposer that’s given to them from the owner of a network.

    • Pirate7X

      Puffy pushes artists? Being sarcastic, he doesn’t really do music anymore and probably will divest or sell his music holdings for this media venture if the FAA gov’t. regulators say he must. Likely won’t because there are many companies like NBC-Universal which have businesses like MCA Records under their umbrella.

      Not sure but I believe Jimmy Iovine’s Interscope has investment or deals with Apple itunes. There are all kinds of ways companies skirt the laws and regulators rules to double-dip on the business, Puffy wouldn’t be the first if it’s done.

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