Jennifer Lopez could own her own music network soon after she outbid her ex-boyfriend Diddy to acquire Fuse Network.
According to reports, NUVOtv reached a $226 million deal with Madison Square Garden Company to acquire Fuse Network. Jennifer Lopez is a minority shareholder in NUOtv.
In a statement, J.Lo says she is excited about the deal.
“Music is my first love so the acquisition of Fuse is near and dear to my heart,” Jennifer Lopez said. “It’s exciting that between NUVOtv and Fuse we’ll have the ability to deliver a broad array of terrific content both from a Latino perspective and across multiple genres, including music, to a broader audience. The acquisition of Fuse means we now own two wonderful assets. It’s a phenomenal time for our company and we look forward to growing both networks in the years ahead.”
Diddy, as well as, billionaire Ron Burkle reportedly bid $200 million for the network.