Guess these two aren’t such friendly exes right now.
After all, how could you be friendly with someone who just stole business from you!
Sean “Puff Daddy” Combs might be a serious businessman, but Jennifer Lopez is an even sharper businesswoman!
And girlfriend just made a major business move by buying Fuse channel from MSG! You see, NuvoTV network – in which J.Lo owns a minority stake – bought Fuse after an ongoing battle with Puff Daddy and his video channel Revolt!
While Puff Daddy, who was backed by billionaire investor Ron Burkle, offered $200 million for the network, J.Lo and NuvoTV one-upped him and got the deal done!
Ex-Fuse chief Eric Sherman admitted about the battle:
“This is a real blow to Diddy and Revolt. Fuse was such a perfect fit for them. But having worked with Jennifer on [American] Idol, I’m not surprised she and her team prevailed.”
It’s unknown how much money it took to seal the deal, but obvi it was more than $200 million.
And we’re guessing it was worth it for J.Lo because there is no price you can put on beating out your ex![Images via WENN.]
Tags: business, business blitz, diddy, exes, jennifer lopez, tv news