Is Diddy Trying To Buy Fuse TV?
Diddy will never stop making moves. It looks like the next line item on his agenda is to further expand his media empire. According to Bloomberg, the big business mogul put in about $200 million bid to purchase FUSE TV cable network. Diddy would then convert it to Revolt TV. He is allegedly one of several bidders interested in Fuse.
If he were to successfully acquire the new network, which is owned by Madison Square Garden, Revolt would gain wider distribution as well as higher subscription fees. According to researcher SNL Kagan, Fuse currently reaches about 74 million homes while Revolt TV reaches 22.8 million.
Sources for the information requested to remain anonymous because talks are still private.
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