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Battle of the Exes: J-Lo Outbids Puff Daddy For Fuse TV

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J-Lo has outbid Puff Daddy in a battle to acquire pay-TV distribution for their rival cable networks. NuvoTV, backed by Jennifer Lopez, has reached an agreement to buy Fuse TV from Madison Square Garden Co., the companies announced today. Bloomberg News reported yesterday that a deal had been reached. The pop star and entrepreneur, known as J-Lo by fans, outbid hip-hop mogul Sean “Puff Daddy” Combs, offering $226 million in cash and a 15 percent equity stake in the combined Fuse and NuvoTV, an English-language channel marketed to Latinos. Click HERE to read more.

via Bloomberg


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