March 10, 2014

Diddy Buying Fuse Network For $200 Million?

According to sources, Diddy put in a bid of $200 million to purchase Fuse and convert it to Revolt TV. He is said to be among several bidders for the network.
Revolt is currently available to 22.8 million households through Comcast and Time Warner. Fuse, currently owned by the Madison Square Garden Company, reaches 74 million households.
The Dolan, who started MSG Co. and run the corporation, are supposedly seeking about $400 million for Fuse.
“We are exploring strategic alternatives for Fuse, and will have no further comment during what is still an ongoing process,” MSG spokeswoman Kimberly Kerns told Bloomberg News.
If Diddy is able to pull off the purchase, the bolstered Revolt TV will join his other business ventures including Bad Boy Entertainment and Cîroc vodka.