Sean 'Diddy' Combs sells stake in Revolt
Sean 'Diddy' Combs has sold his stake in Revolt, the media company he founded, with the shares being fully redeemed and retired. The company announced a new ownership structure giving employees an equity stake.
Key Points
- Combs sold his stake in Revolt
- New ownership structure announced
- Employees to receive equity stake
Pros
- Revolt can now move forward with a new ownership structure
- Employees will have an equity stake in the company
Cons
- Combs' reputation has been negatively impacted by recent lawsuits