Sean "Diddy" Combs sells majority stake in Revolt, retaining Black ownership; new largest shareholder group is employees.

Sean "Diddy" Combs has sold his majority stake in Revolt, the media company he co-founded. The company announced that Combs' shares have been fully redeemed and retired, with Revolt remaining Black-owned and operated. The largest shareholder group at Revolt is now made up of employees, and the new ownership structure provides them an equity stake. This follows Combs' decision to step down from his role as Chairman of the company in November 2023.

June 04, 2024
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