Billionaire businessman Sean “Diddy” Combs is reportedly among the potential entrepreneurs wanting to buy BET.
Tyler Perry Studios owner Tyler Perry and Entertainment Studios owner Byron Allen are also likely in the running to acquire a majority stake in BET Media Group.
Paramount Global’s CBS Entertainment Group currently owns BET.
According to Variety Magazine, Diddy is “exploring the opportunity to purchase BET as a part of his strategy to build a Black-owned global media powerhouse.”
Diddy launched his Revolt network in October 2013.
The company operates a digital cable television channel featuring original programming marketed to a Black audience. Revolt’s YouTube channel has 2.5 million subscribers.