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.
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