Diddy has sold his remaining stake in Revolt TV to an anonymous buyer.
According to TMZ, his shares were sold for an undisclosed sum, though it will remain Black-owned. The outlet also details that the new Revolt boss wants to remain anonymous during this time. However, they plan to announce their arrival “in the coming weeks.” No other details surrounding the sale have been shared.
Sexual assault allegations lodged against Diddy sent a shockwave throughout Revolt in 2023. In fact, journalist Dawn Montgomery decided to leave the company. Montgomery explained that she couldn’t work at Revolt if Diddy was involved in any way. Montgomery, a host on Revolt’s Monuments to Me podcast, announced her departure shortly after Cassie released her bombshell lawsuit.
As previously reported, Diddy stepped down from his role as Revolt chairman. In November 2023, Sean Combs relinquished his role amid a flurry of sexual assault allegations. Combs released a statement via Revolt’s Instagram page at the time explaining his decision.
