After weeks of buzz and rumors, Sean "Diddy" Combs has confirmed that he's leaving Warner Music Group at the end of September.

According to Billboard, the entertainment mogul is abandoning his exclusive deal with Warner/Atlantic Records, which houses Combs' Bad Boy Records. Bad Boys' current roster is set to remain at WMG.

"Now that the term of the Warner deal has ended, I have elected to accept an opportunity to move my recording career and future label venture to another company," Combs said in a statement.

As previously reported, Diddy was said to be signing a deal with Interscope Records where he'll release his upcoming album, 'Last Train to Paris.'

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