Revolt TV, founded in 2013 as a music-oriented cable Network offered by Sling TV, DIRECTV STREAM, Fubo, and Philo, has reportedly been sold to a mystery buyer, according to a report from TMZ.
This comes as its founder Seand “Diddy” Combs’s homes were raided by Homeland Security this week. Now a mystery buyer who reportedly wants to keep the channel focused on its core audience. Comcast’s NBCUniversal is also a minority owner in the company.
It’s reported that the new owners will make a formal announcement about the deal later this week. until that happens, though, they wanted to stay anonymous until they were ready.
It is also being reported that Revolt’s CEO and CBO will remain in their current roles through this transition.
It is unknown what impact Combs properties being traded had on the potential sale. Typically, deals like this take longer than a few days to arrange.
With this deal Sean “Diddy” Combs is reportedly no longer involved in the Revolt TV network.
This is breaking news. More is coming soon.
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