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Diddy Sells Majority Stake in Revolt Amid Legal Troubles

1 min read
Source: CNN
Diddy Sells Majority Stake in Revolt Amid Legal Troubles
Photo: CNN
TL;DR

Sean "Diddy" Combs has sold his majority stake in Revolt, the media company he founded in 2013, making its employees the largest shareholder group. This move aligns with a trend of equity participation in the industry. Combs stepped down as chairman in November amid multiple civil lawsuits alleging sexual assault and other illegal activities, which he has denied. Federal investigators are also looking into potential charges against him for money laundering and illegal drugs.

Topics:entertainmentbusinessentertainment#businessentertainment#legal-issues#media#ownership#revolt#sean-combs
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  1. Sean ‘Diddy’ Combs sells majority stake in Revolt, the media company he founded  CNN
  2. Sean Combs sells stake in Revolt, media company he founded  NBC News
  3. Diddy sells off majority stake in his media company Revolt amid ongoing legal woes  The Independent
  4. REVOLT announces new ownership: Its employees  REVOLT
  5. Sean “Diddy” Combs, Facing Several Sexual Assault Lawsuits, Sells Shares in Revolt  Pitchfork

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