Diddy's business empire may be expanding once again. After launching the REVOLT network last year, the Bad Boy honcho has reportedly bid some $200 million for the Fuse cable network, which is currently owned by the Madison Square Garden Company. Unnamed sources are telling Billboard that Diddy is among several bidders for the music channel.
Fuse has a huge subscriber base. According to Billboard, REVOLT has a reach of about 34 million viewers while Fuse has 73 million.
MSG was mum on the alleged bid, stating to the trade publication, “As we have stated, we are exploring strategic alternatives for Fuse, and will have no further comment during what is still an ongoing process." A rep for REVOLT shared, "As of right now we're just focused on building REVOLT as the #1 name in music."