Diddy allegedly bid $200M on the Madison Square Garden Company-owned Fuse Network.
Date: March 11
"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. " —Sowmya Krishnamurthy