Showing posts with label Sean Combs. Show all posts
Showing posts with label Sean Combs. Show all posts

Friday, 4 April 2014

Jennifer Lopez beat ex-boyfriend Sean Combs in a bidding war for Fuse.


Jenny from the Block just expanded her media empire.
The NuvoTV cable network — backed by Bronx-born singer Jennifer Lopez — confirmed on Friday that it clinched a deal to buy the Fuse music channel from MSG.
The pop star and entrepreneur beat ex-boyfriend Sean “Diddy” Combs in the bidding war for the channel.
J. Lo prevailed with a $226 million offer of cash and equity in SiTV, the parent of NuvoTV. MSG will get a 15 percent stake in the combined company, as well as a seat on the board, the companies said in a statement.