DIDDY REPORTEDLY SELLS ALL OF HIS REVOLT TV SHARES AMID LAWSUITS, HOME RAIDS

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Two days after Homeland Security descended upon his residences in Los Angeles and Miami, Diddy has reportedly relinquished his Revolt TV shares.

Alongside co-founder and entertainment mogul Andy Schuon, Revolt was launched on Oct. 21, 2013, and over ten years later, the multimedia business will remain Black-owned, albeit under a new owner.

According to celebrity website TMZ, Diddy sold off his entire shares to an anonymous buyer who has opted not to have their identity revealed just yet.

A “formal introduction” will reportedly be made “in the coming weeks,” just three months after Diddy stepped down as Revolt chairman.

Apparently, the sale was intended to happen since Diddy’s departure.

Diddy stepped down from the company amid his numerous sexual assault lawsuits.