Revolt, the media company founded by controversial hip-hop star Sean “Diddy” Combs, has a new owner.

Combs has sold his share of the company and the employees now form the largest shareholder group.

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This comes as Combs is battling a number of legal battles and charges, including the alleged assault of his ex-girlfriend Cassie Ventura, as well as several allegations of sexual assault.

Diddy co-founded Revolt with Andy Schuon in 2013. Combs resigned from the organization in November 2023 after allegations of sexual misconduct against him first surfaced.

Last month, employees of the company behind series such as Drinks Champs, said they were “deeply saddened and disturbed by the recent dissemination of a video of our former chairman.”

The employee stock option will be allocated over the next few months and employees will receive a detailed breakdown of the process, the company said. The shares of the company’s former CEO, Sean “Diddy” Combs, have been fully repurchased and retired.

CEO Detavio Samuels said, “Today, we are most proud of the transformation our teams will experience as they go from employees to owners of the company they help build. Black culture is global culture, and Revolt’s superpower is being the home for creators who move culture globally, allowing us to build the most powerful storytelling machine for Black voices. We succeed because we have a dedicated team committed to advancing our purpose, our community, and our culture every day. Without question, they deserve to be a part of our growth – and I couldn’t be prouder to continue this journey with them, harnessing our collective strength, pushing boundaries, and reaching new heights together.”

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