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Sean 'Diddy' Combs bids $200 million for cable network - report
Written by . Published: March 11 2014
Music mogul Sean 'Diddy' Combs has made a $200 million bid for cable TV network Fuse, according to a report.
Editors at business news outlet Bloomberg claim the rapper has plans to add the channel to his media and lifestyle empire.
Fuse currently airs concerts and entertainment content aimed at the
18-34 demographic. Combs is reportedly one of several bidders for
the network.
A statement from Kimberly Kerns, spokesperson for Fuse's current
owners The Madison Square Garden Company, reads, "As we have
stated, we are exploring strategic alternatives for Fuse, and will
have no further comment during what is still an ongoing
process."
Combs already owns music channel Revolt TV, as well as alcohol and
fashion companies.