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.
Diddy Bids $200 Million To Buy Over A US Cable Channel
This business mogul is ready to take his Revolt TV across America careless the cost!
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.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
You should avoid boat rides for these 5 reasons
How to save a life by doing CPR during an emergency
Avoid these 3 common mistakes when cooking fried rice
3 reasons most airplanes are painted white
How 1 woman became first lady of 2 different countries — she married 2 presidents
A billionaire is building a new Titanic ship — when is the first trip?
Police arrest Borno teenagers caught trying to set IDP camp ablaze
Estate agent defrauds 3 house seekers of ₦725k, fails to deliver apartments
Sokoto Govt to address severe water scarcity amidst high temperatures
ADVERTISEMENT