Last year Sean 'Diddy' Combs stepped down as the CEO of RevoltTV after being hit with a barrage of bad press and lawsuits [click here if you missed that]
Sources familiar with the deal tell us Diddy recently sold off all of his shares to an interested buyer for an undisclosed sum -- but we're told the company remains Black-owned ... upholding its original connection and dedication to furthering the culture.
Like we said, it's unclear what exactly Revolt went for when it was all said and done -- but we're told the new boss wishes to remain anonymous for the time being. With that said, our sources say they share a deep passion for Black culture ... and they plan on publicly making a formal introduction in the coming weeks.
Diddy launched RevotTV twelve years ago [click here if you missed that].
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