Sean 'Diddy' Combs Sells Majority Stake in Revolt
Revolt employees become largest shareholders as company dissociates from founder amidst multiple lawsuits.
- 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.