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Sean “Diddy” Combs Sells Stake In Revolt Following Multiple Assault Allegations, Employees Now Own Majority Stake
Revolt, the media company founded by embattled hip hop star Sean “Diddy” Combs is under new ownership. Combs has sold his stake in the business and employees now make up the largest shareholder group. It comes as Combs is fighting a number of legal battles and charges including the alleged assault of his former girlfriend […]
Shares held by the company’s former chair, Sean “Diddy” Combs, have been fully redeemed and retired. CEO Detavio Samuels said, “Today, we are most proud of the transformation that our teams will experience as they shift from being employees to owners of the business they are helping to build. Without question, they deserve participation in our growth – and I could not be more honored to continue on this journey with them, leveraging our collective strength, pushing boundaries, and achieving new heights together.”
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