That same day an anonymous poster on Rhymes with Snitch announced the buyer was Shea Moisture founder Richelieu Dennis [click here if you missed that].
Now it's being reported in the mainstream...
From Page Six
Richelieu Dennis will be the new owner of Diddy’s TV venture, Revolt, Page Six is told.
Dennis made his fortune in the skincare business. He co-founded Shea Moisture in Harlem in the 1990s and sold it to household goods giant Unilever.
“The deal is already done, and they are getting ready to announce it in the upcoming days,” an insider told Page Six of the Revolt sale. “But of course, now with the raid and everything else going on, it will appear as though he is purchasing after the fact.”
“It was important [to] Sean to get a buyer that was African American because he wants to keep the legacy of having a Black-owned business,” said the insider. “He started it off that way and he wants it to continue on that path.”
The network airs news and entertainment related to both mainstream and Black culture.
11 comments:
This was a fire sale. Who had the coins the fastest. No time for negotiations.
Good. It wasn't Tyler Perry nor Byron Allen. I'm here for this.
Now we know
A RWS poster had the tea! Yassss
I posted that about Dennis. I didn't think it went through because it didn't show up.
^ Thank you :<)
Agree 12:23. Time for blk entertainment tv that will continue to evolve and progress
Shea Moisture is the best I love that brand
"Show you how to move in a room full of Vultures!"
I wonder when the white impresarios like Brother Love will be busted. Probably never since they pay off people and keep low profiles. I know they’re out there.
from one predator to another though? mr dennis has allegations against him when he headed up essence. he has his own issues when it comes to 6ual harrassment in the workplace - google his name & ESSENCE
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