Saturday, April 5, 2014
(Undated) -- It looks like Jennifer Lopez has won the bidding war for Fuse TV over ex-boyfriend Sean "Diddy" Combs. SiTVMedia, the parent company of the Lopez-backed NUVOtv, is paying a reported 226-million-dollars to acquire the music television channel from the Madison Square Garden Company. SiTV Media says the purchase will open up opportunities for programming and cross-promotion on both NUVOtv, which is an English language Latino network, and Fuse, although the channels are expected to operate independently.
Lopez, who currently serves as a judge on Fox's "American Idol," is the chief creative officer for NUVOtv and also a shareholder. The singer says the acquisition of Fuse is near and dear to her heart with music being her first love. It was reported earlier that Lopez's ex, hip-hop mogul Diddy, was also looking to plug into Fuse. He had reportedly offered up 200-million-dollars for the network as a companion to his recently-launched Revolt TV.