Sean “Diddy” Combs has sold his majority stake in Revolt as he faces a flurry of legal challenges accusing him of sexual and physical abuse.
“One-hundred percent of Sean Combs’s shares have been redeemed and retired,” Detavio Samuels, Revolt’s current largest shareholder and chief executive, told The New York Times in a statement.
“He is no longer chairman. He is no longer on the board. He has no shares, no equity in Revolt. We have completely separated and dissociated from each other.”
During Combs’ reign, he ushered in an impressive line-up of award-winning shows, including “Drink Champs,” “Caresha Please,” and more recently, “The Jason Lee Show.”
Six months ago, Combs’ former girlfriend, Cassie Ventura, filed a lawsuit, accusing him of rape and repeated physical assault and sex trafficking. Despite denying the allegations, Combs settled the lawsuit within 24 hours. Less than a week later, Joi Dickerson-Neal accused Combs of drugging and sexually assaulting her in 1991 while she was a college student. Dickerson-Neal alleges that he filmed the attack and showed the footage to individuals in the industry.
The following day, on Nov. 24., Rolling Stone reported that an unidentified woman had filed a third lawsuit, accusing Combs and singer Aaron Hall of raping her and her friend.
Combs has faced nine lawsuits since November.
The crushing blow came last month when CNN released surveillance Combs physically assaulting Ventura.
In the 2016 video, Combs can be seen chasing Ventura down the hallways of the since-shuttered InterContinental Hotel in Century City, Los Angeles, before grabbing her by the back of the neck and throwing her to the floor, all the while holding his towel closed with one hand. Combs then kicks her twice as she lies on the ground, curled up in the fetal position.
In response to the video, Combs released a video of his own, apologizing for his behavior, which he admits was “inexcusable.” He added that he takes “full responsibility” for his actions, despite initially accusing Ventura of “filing a lawsuit riddled with baseless and outrageous lies, aiming to tarnish Mr. Combs’ reputation, and seeking a payday.”
“It’s so difficult to reflect on the darkest times in your life, but sometimes you got to do that,” Combs said on Instagram” “I was f-cked up — I hit rock bottom — but I make no excuses. My behavior on that video is inexcusable.”
