Artist Series Offers $350M Cash For Fuse TV

Law360, New York (March 24, 2014, 3:22 PM EDT) -- Artist Series Inc. said it would pay $350 million for Fuse TV in an offer that the New York-based company may finance with a private equity backer, overshadowing recent bids for the cable channel by Sean “Diddy” Combs’ Revolt TV and Jennifer Lopez’s Nuvo TV.

Under the terms of the conditional, all-cash offer, which was announced Saturday, Artist Series would invest an additional $250 million to reprogram the alternative music channel, which is owned by the Madison Square Garden Co., and rebrand it as Artist Series...
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