Diddy has been palling around with Rick Ross for a while now, but now the two are taking the next step: In a new YouTube video, Diddy announces that he and Ross will be dropping a joint EP under the nom de guerre Bugatti Boyz. (“Bugatti†indicates that they have a lot of money, while “Boyz†suggests that they’re from the streets, and they don’t care about spelling.) Diddy says he’s going to write “half my own shit, and Imma have Ross write the other half.†Sounds good! [RapRadar]