V Confidential: Puff is Diddy Bopping Over to Interscope?

Word has it that the Bad Boy’s head honcho is fleeing the Warner Music Group to set up shop in the house that Jimmy Iovine built. The music mogul currently is hard at work on his Last Train To Paris album. It’s uncertain which label would release the album, if Diddy indeed signs with Interscope.

Sean “P. Diddy” Combs and Warner Music Group signed a joint venture deal back in 2005, giving the record company a 50% stake in Bad Boy Records. Under the three-year agreement–for which Warner reportedly paid $30 million–the recording giant undertook digital and physical distribution of worldwide Bad Boy releases.

Stay tuned as vibe.com follows up on the whispers.