*The bidding war to buy Fuse TV turned into a battle between ex lovers Jennifer Lopez and Sean “Diddy” Combs.
According to The Hollywood Reporter, sources say that J.Lo and her NuvoTV outbid Diddy and his Revolt channel to acquire the music channel, which was previously owned by the Madison Square Garden company.
MSG has reportedly struck a deal with NuvoTV, the English language cable channel where the “I Luh Ya Papi” songstress serves as chief creative officer and owns a minority stake. NuvoTV reportedly offered cash and equity valued at over $200 million.
“Things are in that 99.9 percentile,” says a source, while another said, “It’s getting done.”