J.Lo Outbids Ex Puff Daddy to Acquire Fuse

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And the winner is...Jennifer Lopez!

After a bit of back and forth negotiations, Lopez beat out ex-boyfriend Sean "Puff Daddy" Combs for the acquisition of Fuse music network, according to The Hollywood Reporter. Originally owned by Madison Square Garden Company, the 44-year-old boricua reached an agreement with MSG to buy Fuse for $226 million.

Combs reportedly made a $200 million offer for Fuse.

"Music is my first love so the acquisition of Fuse is near and dear to my heart," Lopez said in a statement, according to THR.

"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."

The deal between Lopez and MSG Company is expected to come to a close between July 1 and September 1.

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Priscilla Rodriguez, Associate Editor

Priscilla Rodriguez is Latina.com’s Associate Editor. She provides coverage on nearly every topic with a focus on celebrity entertainment. Before hitting the pavement at Latina, Priscilla worked for various outlets including Teen.com, InStyle and Us Weekly. You can follow her on Twitter @priscilrodrig.

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