It is being reported that Sean “Diddy” Combs has offered around $200 Million to acquire the cable network Fuse.
According to Bloomberg News, Diddy would like to convert Fuse into Revolt TV.
The possible acquisition could allow Combs to expand Revolt TV’s distribution and boost its subscriber fees, Bloomberg reported. SNL Kagan pegs Fuse’s distribution at about 74 million homes, compared with less than 23 million for Revolt TV.
Combs is believed to be among several bidders for Fuse.
A spokesperson for MSG reiterated the company is “exploring strategic alternatives” for Fuse, but declined to further comment on “an ongoing process.”
A representative for Combs declined to comment on the report.
I hope he is able to buy Fuse. This would be huge for Diddy!
