Sean 'Diddy' acquitted of sex trafficking

Music mogul Sean 'Diddy' Combs was found not guilty of racketeering and sex trafficking on Wednesday but convicted of a less serious prostitution charge after a high-profile seven week trial in New York.

The jury, after 13 hours of deliberation over three days, found Combs guilty of two counts of transportation to engage in prostitution, each of which carries a maximum sentence of 10 years in prison.

Combs, 55, smiled and looked relieved as the verdict was read out.

He shook hands with one of his lawyers and said "thank you" to members of the eight-man four-woman jury as they left the courtroom.

Judge Arun Subramanian also thanked the jury for their service before dismissing them.