Celebs Attend Hollywood Star Ceremony For Kenneth 'Babyface' Edmonds Jennifer Lopez Leaves Power 106 Studios In Los Angeles

Rap tycoon Sean Combs, aka Puff Daddy, was locked in a bitter bidding war with ex-girlfriend, Jennifer Lopez, for the rights to acquire Fuse TV.

Puff, who hates to lose, was outbid by J-Lo and the NuvoTV network -- the media outfit that ponied up the cash for the purchase. Puff Daddy badly needed Fuse TV's viewership to boost the ratings of his own Revolt TV. Fuse TV is seen in 74 million homes while Revolt TV is only in 22 million homes.

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They're saying the bidding war for exclusive rights to first photos of the Jolie-Pitt twins is raging on as I type this. The final price tag might come in right around $15 million. Just thought some of you might want to know what A-list celebrity babies are going for these days.

Photo: Wireimage/Getty

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