Jennifer Lopez outbid former boyfriend Sean "Puff Daddy" Combs for Fuse TV.
Bloomberg reports that NuvoTV, backed by J-Lo, acquired Fuse from Madison Square Garden Co. for $226 million in cash and a 15% equity stake in Fuse and NuvoTV.
With the Fuse TV acquisition, NuvoTV, an English based station marketed to Latinos, puts itself in a prime position to increase it's market share and gain more viewers.
Lopez and Combs were romantically linked in the late 90's. Jennifer distanced herself from the music mogul after a high profile incident on December 27, 1999, when formerBad Bad Records artist Shyne shot up a Manhattan club.
0 Comments