Bronx bombshell, JENNIFER LOPEZ outbids ex-boyfriend for the FUSE cable channel. Both J.LO and SEAN COMBS were in a fierce battle to purchase FUSE from the DOLAN FAMILY, owners of MADISON SQUARE GARDEN and the NEW YORK KNICKS.
Puffy offered $200 million but was beat out by Lopez. He was trying to combine FUSE with his REVOLT video channel to build a cable empire of his own.
This deal will give Jennifer’s company NUVO TV (she owns a minority stake), which focuses on American Latinos, distribution to over 70 million homes.