Diddy Sells Remaining Revolt TV Stake To Anonymous Buyer
Diddy has sold his remaining stake in Revolt TV to an anonymous buyer.
According to TMZ, his shares were sold for an undisclosed sum, though it will remain Black-owned. The outlet also details that the new Revolt boss wants to remain anonymous during this time. However, they plan to announce their arrival “in the coming weeks.” No other details surrounding the sale have been shared.
Sexual assault allegations lodged against Diddy sent a shockwave throughout Revolt in 2023. In fact, journalist Dawn Montgomery decided to leave the company. Montgomery explained that she couldn’t work at Revolt if Diddy was involved in any way. Montgomery, a host on Revolt’s Monuments to Me podcast, announced her departure shortly after Cassie released her bombshell lawsuit.
“FYI: I won’t be signing on to do the 3rd season of @revolttv’s Monuments To Me podcast. I am a [sexual assault] survivor & I cannot be a part of a show that’s supposed to uplift black women while @Diddy leads the company. Believe Black women,” she typed at the time.
“I am grateful for how I was able to contribute to this show & work with w/my cohost Akilah! This was a wonderful opportunity brought to me by our producer, Darius, who saw that I needed to share more of my story & connect with w/the show’s audience. This isn’t a hard decision, and I’m okay,” she added. “One thing I’ve done throughout my professional career(s) is be mindful of my work ethic and where I place my energy & time. I also feel like Revolt’s leadership not speaking on this says a lot and even though this podcast experience blessed me… I’m done.”
As previously reported, Diddy stepped down from his role as Revolt chairman. In November 2023, Sean Combs relinquished his role amid a flurry of sexual assault allegations. Combs released a statement via Revolt’s Instagram page at the time explaining his decision.
“Sean Combs has stepped down from his position as chairman of Revolt,” the message read. “While Mr. Combs has previously had no operational or day-to-day role in the business, this decision helps to ensure that Revolt remains steadfastly focused on our mission to create meaningful content for the culture and amplify the voices of all Black people throughout this country and the African diaspora.” At the time, Diddy’s move was detailed as “temporary.”
