Hip-hop mogul Sean “Diddy” Combs has made an offer to buy the Fuse cable television network for a cool $200 million, Bloomberg reports.
Combs, along with Comcast, already owns Revolt TV, a digital cable network that airs music videos, live performances and interviews. If his bid to buy Fuse is successful, Combs would convert it into Revolt TV, which “would gain wider distribution and higher subscriber fees” as Fuse is available in almost 74 million households.
Combs is said to be one of several bidders eying the network, which is currently owned by Madison Square Garden Co. “As we have stated, we are exploring strategic alternatives foaer Fuse, and will have no further comment during what is still an ongoing process,” MSG spokeswoman Kimberly Kerns told Bloomberg.
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