Providence Equity Sells 10% Stake In Hulu
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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