Supply: Phillip Faraone / Getty
On March 26, a supply claimed that Sean “P.Diddy” Combs allegedly bought all of his shares related to Revolt TV, the media firm he based in 2013, to a thriller purchaser for an undisclosed quantity, TMZ reported. In an interview with Web page Six, a second insider near the deal alleged that Essence Journal proprietor, Richelieu Dennis, was the person behind the massive buy — though Dennis has not confirmed the information himself.
“The deal is already completed, and they’re on the brink of announce it within the upcoming days,” the confidante stated of the alleged pending deal. “However in fact, now with the raid and every part else occurring, it should seem as if he’s buying after the actual fact.”
The supply added, “It was vital [to] Sean to get a purchaser that was African American as a result of he desires to maintain the legacy of getting a Black-owned enterprise. He began it off that method and he desires it to proceed on that path.”
Who’s Richelieu Dennis?
Dennis is widely known for his achievements within the skincare business, notably as a co-founder of Shea Moisture within the Nineteen Nineties, which he later bought to Unilever. In 2018, he bought the revered Essence Journal and acted because the journal’s interim CEO. He later stepped down as chairman allegedly following a name for brand spanking new administration.
Whereas chatting with TMZ, a confidante claimed that the sell-off was deliberate effectively earlier than the rapper-turned-entrepreneur was accused of intercourse trafficking and assault in a brand new lawsuit introduced up by a number of plaintiffs within the Southern District of New York.
A spokesperson from Homeland Safety confirmed to the outlet that Homeland Safety Investigations in New York carried out regulation enforcement operations focusing on the mogul’s properties on March 25. The operations included raids on the rapper’s residences in Los Angeles and Miami as a part of an ongoing investigation. Nevertheless, the character of the search and its aims stay unclear.
Based on the supply, the corporate will proceed to uphold its “dedication” to Black tradition and Black tales beneath its new administration. Revolt’s CEO Detavio Samuels and Chief Model Officer Deon Graham will retain their present roles and help the proprietor in the course of the finalization of the contract, the supply claimed. Moreover, there are not any anticipated important alterations to staffing or manufacturing for Revolt TV staff.
Roland Martin calls Revolt TV sale information “flat out flawed.”
As hypothesis in regards to the deal ran amok on-line, political correspondent and journalist Roland Martin took to YouTube to denounce claims of the Revolt TV sale. Roland dismissed the claims as unfaithful, clarifying that though there was “a deal in place,” no concrete plans had been finalized between Diddy and the purported thriller purchaser.
“Revolt has not been bought. It’s nonetheless beneath the possession of Sean Diddy Combs,” Martin, who spoke with a number of sources related to the pending sale, stated.
In November, Diddy stepped down as chairman from Revolt after his ex-girlfriend Cassie — actual title Casandra Ventura — accused him of assault and rape in a disturbing lawsuit filed in Manhattan federal court docket. The New York native settled with the singer for an undisclosed quantity at some point after the bombshell lawsuit hit headlines.
SEE ALSO:
Cuba Gooding Jr. Named As Diddy’s Co-Defendant In ‘Grooming’ Lawsuit
Federal Prosecutor Whose Workplace Is Investigating Diddy Beforehand Took Down R. Kelly
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Who Actually Purchased Revolt TV From Diddy? Right here’s Every part We Know
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