Sean “Diddy” Combs dropped to his knees, placed his hands together, and bowed his head moments after the jury found him not guilty of the most serious criminal charges he faced, giving him a second chance at life.

Follow the latest news and live coverage of Sean "Diddy" Combs' verdict. Combs was acquitted of racketeering and sex trafficking and found guilty on two lesser charges of transportation of former girl

Citing the federal sentencing guidelines, prosecutors in the trial argued Combs should be sentenced to 51 to 63 months in prison -- around four to five years. Defense attorneys argued the guidelines point toward a sentence of 21 to 27 months -- around two years.