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Sean Combs Is Said to Bid $200 Million for MSG’s Fuse TV Network

Sean Combs, the hip-hop mogul now known as Diddy, has bid about $200 million for the Fuse cable-TV channel, said three people with knowledge of the situation.

Combs, 43, rose to fame as rapper Puff Daddy and has since founded fashion, liquor and media businesses, including the cable-music channel Revolt TV. He would convert Fuse, owned by New York-based Madison Square Garden Co., into Revolt TV, which has backing from Comcast Corp., said the people, who requested anonymity because the talks are private. Combs is one of several Fuse bidders, one of the people said.