Jennifer Lopez Outbids Diddy and Acquires Fuse TV
According to The Hollywood Reporter, the minority owner and CEO of NuvoTV’s offer beat Diddy’s Revolt TV by a staggering $26 million. Badboy’s CEO reportedly had billionaire Ron Burkle back his $200 million deal, but she swooped in with $226 mil to take the network from Madison Square Gardens.
Not thinking twice about scoring one over her ex, she quickly shared the huge news.
“Music is my first love so the acquisition of Fuse is near and dear to my heart. It’s exciting that between NUVOtv and Fuse we’ll have the ability to deliver a broad array of terrific content both from a Latino perspective and across multiple genres, including music, to a broader audience. The acquisition of Fuse means we now own two wonderful assets. It’s a phenomenal time for our company and we look forward to growing both networks in the years ahead.”
It’ll be a few months before Jenny from the block can offically pour the champagne as the deal will close sometime between July and September 1.