Hip-hop mogul Sean “Diddy” Combs has sold his majority stake in the Revolt television network amid mounting legal issues revolving around multiple sexual abuse allegations.
Revolt, in a statement Tuesday, said Combs' shares in the Black-owned multiplatform media have been "fully redeemed and retired," although Revolt did not disclose specific financial details. Combs founded Revolt in 2013 as one of four minority owned-and-operated channels launched in 2012 by Comcast as part of its acquisition of NBCUniversal.
