Sean “Diddy” Combs sold his majority stake in Revolt, the media company he founded over a decade ago, on Wednesday as he faces multiple sexual assault allegations.
Detavio Samuels, Revolt’s chief executive officer, disclosed to The New York Times that Combs initiated the separation process in January. This decision followed several lawsuits against him.
Samuels clarified, “One hundred percent of Sean Combs’ shares have been redeemed and retired. He no longer holds the position of chairman or board member. Our association has been completely severed.”