The New York Daily News reports Sean ‘P. Diddy’ Combs is denying reports that he’s set to unload his 50% share of the Bad Boy label to Arista Records for $27 million. Puffy told the Daily News, “These rumors are ridiculous. If anyone thinks I’m selling my company for $27 million they are out of their f***ing mind.” Arista CEO Antonio (LA) Reid concurred saying, “We are not discussing a buyout.”
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