Jennifer Lopez Throws Bid in to Buy Fuse TV
Bloomberg reports that J.Lo is offering to buy the music channel for $200 million in cash and stock.
The proposal from NuvoTV pits Lopez against her ex-boyfriend Diddy who reportedly also made a bid to buy Fuse TV for $200 million.
Kimberly Kerns, a rep for Madison Square Garden, which owns Fuse TV, wouldn’t comment on any negotiations regarding the music network.
“As we have stated, we are exploring strategic alternatives for Fuse, and will have no further comment during what is still an ongoing process,” she said.
Lopez, who is the chief creative officer of NuvoTV, which reaches more than 32 million Latino households, had no comment on the matter as well.
Diddy has also been mum about buying Fuse TV.
“As of right now we’re just focused on building REVOLT as the No. 1 name in music,” a said a rep for Revolt TV.
Whoever buys Fuse TV, it will be a major coup and will bring a much more wider viewing audience. Fuse reaches about 74 million homes through pay-TV systems including DirecTV and Dish Network Corp.
So may the best man or woman in this bidding war win.
Who should get the bid on Fuse TV — Diddy or Jennifer Lopez? Tell us in the comments below.