Diddy Has Reportedly Sold Revolt TV Shares Amid Home Raid Reports
The latest news about Diddy has been making waves in the rap community and beyond. Yesterday, many rap fans were left in shock after videos surfaced of the feds raiding Diddy’s homes in both Los Angeles and Miami. It felt like the inevitable conclusion of months of lawsuits and accusations against the rap mogul was finally coming to fruition. Overnight, cameras captured Diddy’s sons, King and Justin, hastily packing their belongings from his LA mansion before leaving. Meanwhile, Diddy was spotted in Miami for the first time since the raids. Although he has been keeping busy, the consequences of the raids are still to be seen.
According to TMZ, Diddy has sold all his shares in Revolt TV, a company he co-founded in 2013 to advance black culture. While he stepped down from his role in the company last year, the sale of his shares still surprises some. Although the amount the shares were sold for and the buyer’s identity remain unknown, it has been confirmed that the company will remain black-owned.
Further details about the raids are still emerging. Reports suggest that Diddy had no prior knowledge of the raids and was allegedly with his family when they occurred. The feds reportedly seized electronics from his properties during the raids. The reason behind the investigation is reportedly linked to allegations of sex trafficking against the rap mogul, which has caused shockwaves throughout the industry.
The news of the raids has garnered considerable attention from various celebrities, who have shared their opinions on social media. Some claim that the raid is a long-overdue reckoning of Diddy’s actions, while others call him a scapegoat. Regardless of the views, it is clear that this event marks a significant turning point in Diddy’s life and career.
Diddy Sells Off All Revolt TV Shares To Anonymous Buyer | Click to read more 👇 https://t.co/q3yu6gH1w4
— TMZ (@TMZ) March 26, 2024
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