Drake And Puff Daddy Discussing Joint Venture

Earlier this week we learned that Drake and Puff Daddy had made peace over a phone conversation.

TMZ reported the Hip Hop heavyweights, who had had an altercation over a Boi-1da beat in December, made up because they didn't want there to be awkwardness this summer when they inevitably ran into each other at festivals and award shows.

Now the gossip site is reporting that the phone conversation went so well Drake and Diddy met face-to-face late Sunday night at Mel's Drive-In in West Hollywood.

With their bodyguards looking on, the duo discussed going into business together, and kicked around ideas involving clothing, jewelry and cigars.

Nothing official yet, but look for something in the future. And if Drake suddenly changes his name to Drizzy or Puff Aubrey, you know where that's coming from.