Diddy wants to buy back Sean John Brand from Bankruptcy

• Diddy is planning to buy back the Sean John brand out of bankruptcy.
• According to the docs filed, Diddy has placed $3.3 million bid to buy the assets of the clothing line.
• Sources close to Diddy said that he is very excited about acquiring full ownership of the brand and rebranding the clothing line.
• The current company that owns 90% of Sean John is giving a December 15 deadline to any potential bidders.