Diddy Sells Off All His Revolt TV Shares to Anonymous Buyer Amidst Home Raids

• US Hip-Hop star Sean 'Diddy' Combs has reportedly relinquished all his shares in Revolt TV, which he co-founded in 2013
• The anonymous buyer and the financial details of the deal have not been disclosed, although the company is still black-owned
• The sale comes a day after heavily armed federal agents raided Diddy's properties in connection with an ongoing trafficking case

US rapper has sold all his shares in Revolt TV, a company he started in 2013.

This comes months after the mogul stepped down as the company's chairman.

Diddy sells Revolt TV

TMZ reports that Diddy sold Revolt to an interested buyer who preferred to remain anonymous.

However, the company assured the public that it was still black-owned, aligning with its original plan to promote and further black culture.

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Diddy breaks silence through lawyer after homes were raided: “An unprecedented ambush”

The deal's financial details remain unknown, but TMZ reports that both parties are happy with the terms. Although Revolt's new owner keeps their identity hidden, they plan to introduce themselves formally in the next few weeks.

The company's CEO, Detavio Samuels, and chief brand officer, Deon Graham, will remain in their current positions.

Police storm Diddy's properties

The sale takes place a day after law enforcement raided Diddy's Miami and Los Angeles homes amidst an ongoing trafficking investigation.

Aerial footage showed heavily armed federal agents wearing Homeland Security vests gathered in Diddy's backyard. Armoured tracks were also present, and officers could be seen entering and exiting Diddy's homes hours after the search began.

Two men, who were later identified as Diddy's sons, King Combs and Justin Combs, were detained outside the mansions during the raid.

However, the mogul's sons were released without charges after the search, which was in line with standard procedure.

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Sean "Diddy" Combs' alleged mule arrested in Miami after raid on rapper's properties

Diddy's alleged mule arrested in Miami

Besides the sale and the raid, Diddy's life has recently been controversial. Briefly News reported that A 25-year-old man, suspected to be Diddy's drug mule, was arrested at Opa Locka Airport with illegal narcotics.

Social media has been reacting strongly, with some suggesting this could be Diddy's downfall while others joke about his mule.

Source: TUKO.co.ke