We found out the former enemies met at 1:00 AM Monday at Mel's Drive-In in West Hollywood ... just the 2 of them, and of course their bodyguards.
We're told the chat was all about creating a joint venture with both of their names. They kicked around everything from clothing, to jewelry to cigars. They did not zero in on a product line but agreed that it would be mutually beneficial for them to partner.
Now it's clear why Diddy and Drake got on the phone last month to settle their war that erupted over Drake's song, "0 to 100."