Music mogul Sean “Diddy” Combs has made a $200 million bid for cable TV network Fuse, according to a report.
Editors at business news outlet Bloomberg claim the rapper has plans to add the channel to his media and lifestyle empire.
Fuse currently airs concerts and entertainment content aimed at the 18-34 demographic.
Combs is reportedly one of several bidders for the network.
A statement from Kimberly Kerns, spokesperson for Fuse’s current owners The Madison Square Garden Company, reads, “As we have stated, we are exploring strategic alternatives for Fuse, and will have no further comment during what is still an ongoing process.”
Combs already owns music channel Revolt TV, as well as alcohol and fashion companies.