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Sean 'Diddy' Combs Sells Majority Stake in Revolt

Revolt employees become largest shareholders as company dissociates from founder amidst multiple lawsuits.

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Overview

  • Sean 'Diddy' Combs has sold his entire stake in Revolt, the media company he co-founded in 2013.
  • Revolt's employees are now the largest shareholder group, ensuring the company remains Black-owned.
  • The sale follows numerous sexual assault allegations against Combs, including those from ex-girlfriend Cassie Ventura.
  • Combs stepped down as chairman in November 2023 amid the accusations and ongoing federal investigations.
  • Revolt CEO Detavio Samuels confirmed that Combs has no remaining shares, equity, or board position in the company.