Diddy Sells Off All Revolt TV Shares To Anonymous Buyer

Posted by Kary Bruening on Thursday, May 30, 2024
diddy revolt Getty

Diddy's no longer associated with Revolt TV in any form or fashion -- the company he started in 2013 -- because it's now completely under new ownership ... TMZ has learned.

Sources familiar with the deal tell us Diddy recently sold off all of his shares to an interested buyer for an undisclosed sum -- but we're told the company remains Black-owned ... upholding its original connection and dedication to furthering the culture.

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Like we said, it's unclear what exactly Revolt went for when it was all said and done -- but we're told the new boss wishes to remain anonymous for the time being. With that said, our sources say they share a deep passion for Black culture ... and they plan on publicly making a formal introduction in the coming weeks.

Diddy Through The Years Gallery Launch Gallery Diddy Through The Years Launch Gallery Gallery Getty

As you know, Diddy has been inactive with the network since stepping down as Chairman last November ... and his last order of business was being notified of the sale, which we're told just went through this week. We're told it was an amicable deal, and everyone's happy.

Per our sources, Revolt's CEO Detavio Samuels and Chief Brand Officer Deon Graham will remain in their current positions and assist the owner while the ink dries on the contract. Another thing ... we're told there'll be no major changes to staffing or production for Revolt TV employees.

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Our sources say that, over time, the new owner will implement their vision ... but that for the time being, things will mostly remain the same as the transition occurs.

The one thing everyone's wondering ... is this news in any way connected to what's been going on with Diddy personally? On its face, the two things appear to be unrelated ... as we're told this had been getting hammered out well before Diddy's properties were raided Monday.

Diddy's Los Angeles Home Raided By Feds Gallery Launch Gallery Feds On Scene Launch Gallery Gallery TMZ.com

Despite all that, it's a new day for Revolt ... and some new leadership is coming in soon.

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