Jennifer Lopez Bids To Purchase Fuse TV

Aside from Diddy, Jennifer Lopez also threw her bid to purchase Fuse TV on behalf of her Latino-focused cable network NuvoTV.

According to Bloomberg, Lopez is offering $200 million in cash and stock, same with his ex-boyfriend’s offer to purchase the said music channel.

Kimberly Kerns, the representative for Madison Square Garden, which currently owns Fuse TV, didn’t release any comment or statement regarding negotiations for the music network.

“As we have stated, we are exploring strategic alternatives for Fuse, and will have no further comment during what is still an ongoing process,” she said.

Lopez, who currently functions as the chief creative officer of Nuvo TV, a network that reaches more than 32 million Latino households also didn’t give any comments regarding the matter.

Fuse TV currently reaches 74 million homes through pay-TV systems including DirecTV and Dish Network Corp.