Diddy is reportedly looking to expand his TV holdings with the purchase of the Fuse cable TV channel.
Sources tell Bloomberg.com Diddy has bid around $200 million for Fuse, a channel currently owned by the Madison Square Garden Company.
The rap mogul already owns the cable music channel Revolt TV. The sources say Diddy wants to convert Fuse into Revolt TV because it has a wider distribution. According to the report, Revolt TV reaches about 22 million homes while Fuse is available in some 74 million homes.
Bloomberg reports Diddy is one of several bidders for the Fuse channel.
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