Sean 'Diddy' Combs sells majority stake in his media company Revolt amid rapper's mounting sexual assault lawsuits and sex-trafficking probe By Carly Johnson For Dailymail.com and Germania Rodriguez Poleo For Dailymail.Com Published: 00:13, 5 June 2024 | Updated: 00:13, 5 June 2024 e-mail View comments Disgraced mogul Sean ' Diddy ' Combs has sold his majority stake in his media company Revolt amid mounting sexual assault lawsuits and a federal sex-trafficking probe.
The 54-year-old rapper 'temporarily' stepped down as Revolt chairman in November 2023 but in March it was claimed by TMZ that Diddy had sold his shares to a mystery buyer for an undisclosed fee. Revolt CEO Detavio Samuels confirmed to The New York Times on Tuesday that 'one hundred percent of Sean Combs' shares have been redeemed and retired. 'He is no longer chairman.
He is no longer on the board. He has no shares, no equity in Revolt. We have completely separated and dissociated from each other.
' Samuels also divulged that the hip-hop star had 'agreed to start the process of separation' back in January as his legal woes worsened. Diddy is currently facing eight lawsuits relating to allegations of rape, physical abuse, sex trafficking, racketeering and other serious crimes that span across 30 years. His homes in Los Angeles and Miami were raided by Homeland Security agents in March and he may soon face a grand jury indictment.
Disgraced mogul Sean ' Diddy ' Combs has sold his majority stake in his media company .
