Jennifer Lopez Outbids Diddy, Buys Fuse TV

Diddy‘s $200 million dollar bid for music network Fuse TV was a classic Diddy power move, but it looks like even the most massive of moguls can be beat at their own game. This morning, it was announced that the bidding battle for the faltering Fuse network was over, and that the J.Lo-backed NuvoTV had come to an agreement with Madison Square Garden to purchase the company. Jennifer Lopez and the NuvoTV network reportedly outbid Diddy’s offer with a $226 million dollar bid and a 15 percent equity stake in the joint effort of both companies. NuvoTV has now officially acquired Fuse, thus ending any possibilities of a joint Fuse/Revolt empire in the future.