According to reports, Sean Combs no longer owns Revolt TV – he is selling the shares to an anonymous buyer

Sean “Diddy” Combs has reportedly transferred his remaining shares in Revolt TV to an anonymous buyer.

Down the report says the tycoon’s shares were purchased for an undisclosed amount and can remain Black-owned.

The move follows recent sexual assault allegations against Diddy, by which his ex-girlfriend Cassie Ventura accused him of engaging in sex trafficking and harassment, amongst other illegal activities.

After filing the lawsuit, Diddy he left the position of chairman of the Uprising in November 2023

“Sean Combs has stepped down as chairman of Revolt,” the release reads. “While Mr. Combs has not previously held any operational or day-to-day role in the business, this decision helps be sure that Revolt will remain unwaveringly focused on our mission to create meaningful cultural content and amplify the voices of all Black people across this country and the African diaspora “. At the time, Diddy’s move was described as “temporary.”

As previously reported by ESSENCE, Diddy also amicably parted ways with Diageo, the alcohol maker that when produced Deleon, with which Combs tequila was associated for nearly a decade.

“Sean Combs and Diageo have now agreed to resolve all disputes between them,” according to a joint statement provided by each parties to ESSENCE. “Mr. Combs has withdrawn all of his allegations against Diageo and has voluntarily dismissed his claims against Diageo with prejudice. Diageo and Mr. Combs have no ongoing business relationship with respect to either Cîroc vodka or DeLeón tequila, of which Diageo is currently the sole owner.”