Last week, it was reported that Sean “Diddy” Combs is in the running with a few other bidders to acquire the Madison Square Garden-owned music network Fuse TV to add to Revolt TV as a part of his growing media empire. Now we know one other bidder in the hopes of snagging Fuse, and it’s his former sweetheart, Jennifer Lopez! A media mogul herself, Lopez and her financially-backed network NuvoTV is challenging Combs in the bartering process over Fuse.
NuvoTV is an English-language cable channel for Latinos backed by Lopez as the CCO, and contributes production through her company Nuyorican Productions. Sources say her offer matches Diddy’s at $200 million, plus equity. The acquirement of Fuse will bring the winning bidder circulation to 74 million more homes. Revolt reaches approx 23 million homes, while NuvoTV reaches about 34 million.
It’s rough to have an ex come after you…even more nerve-wracking when they come for your coins in business!