Sean "Diddy" Combs has just bid about $200 million for the US music-themed cable channel Fuse all in the move to convert the channel into his own Revolt TV, which would give his fledgling network wider distribution and higher subscriber fees, according to Bloomberg.
According to reports, Combs, 43, is just one of several Fuse bidders who requested anonymity because the talks are private
A spokeswoman for MSG, Kimberly Kerns, said yesterday via an e-mail that, "As we have stated, we are exploring strategic alternatives for Fuse, and will have no further comment during what is still an ongoing process."
Fuse Cable Channel is owned by New York-based Madison Square Garden Co. and is available in about 74 million homes through pay-TV systems including DirecTV, Dish Network Corp. and Cablevision Systems Corp.; compared with Revolt TV, which reaches only 22.8 million homes and is carried by Comcast and Time Warner Cable Inc.