Sean “Diddy” Combs’ attempt to expand his media empire has been swatted by another company that is partially owned by his ex-girlfriend Jennifer Lopez. According to The New York Post, J. Lo’s NuvoTV has outbid Diddy’s Revolt to purchase the Fuse network from MSG. Diddy, backed by billionaire businessman Ron Burkle, had reportedly offered $200 million for Fuse. Apparently, NuvoTV’s offering price was slightly higher. The final selling price is still unknown at the moment. “This is a real blow to Diddy and Revolt,” said Eric Sherman former Fuse president. “Fuse was such a perfect fit for them. But having worked with Jennifer on [American Idol] I’m not surprised she and her team prevailed.” Lopez’s manager Benny Medina was asked if he thought the former couple competing for the same network was just a coincidence. While he stated that he did not believe their past history together played a part, he is not surprised Diddy and J. Lo went after the same prize. “I don’t think it’s a coincidence,” said Medina. “In many ways, Jennifer and Sean are cut from the same cloth.” NuvoTV is an English-language cable channel marketed toward American Latinos. Lopez became a minority owner in 2012. The network reaches 34million households.
Posted on: Fri, 04 Apr 2014 20:48:44 +0000
Trending Topics
Recently Viewed Topics
© 2015