Providence Equity Sells 10% Stake In Hulu

Law360, New York (October 19, 2012, 7:51 PM EDT) -- Rhode Island private equity firm Providence Equity Partners has sold its minority stake in Los Angeles-based online streaming video company Hulu LLC, Providence Equity said Friday.

The PE firm confirmed that it sold its 10 percent stake in Hulu, a privately held online video site. With Providence Equity's exit, Hulu is now left in the hands of media companies Walt Disney Co., News Corp. and NBCUniversal Media LLC.

Financial details of the sale were not disclosed. Spokesmen for the Providence, R.I.-based private fund firm did not...
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