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Private Equity Firm Set To Sell Hulu Stake, Says Report

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A report today from Bloomberg says that Providence Equity Partners , the private equity firm which owns part of Los Angeles-based Hulu , is selling its stake to the firm's other owners in a deal valuing the firm at about $2 billion.

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Hulu Entertaining At Least Five Bidders, Says Report

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Los Angeles-based video streaming site Hulu is entertaining offers from at least five different bidders, according to a report over the weekend, including one that values Hulu at between $600M to $800M. hulu streaming video merger acquisition content hollywood' READ MORE>>.

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OpenGate Capital Buys Latin American System Integrators

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Los Angeles-based private equity investor OpenGate Capital reported Monday that it has acquired two, Latin American information technology system integrators. OpenGate Capital said the acquisition will help complement two of its existing, private equity portfolio companies--Getronics and Sopho. READ MORE>>.

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Report: Demand Media Passed Up $1.2B Go Private Deal

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Los Angeles-based Demand Media just passed up a deal to go private, according to a report over the weekend from the WSJ's AllThingsD, which says that the firm--headed by Richard Rosenblatt--ultimately decided to pass on the offer from private equity shop Thomas H. Lee Partners. Apparently, T.H. Lee offered up to $1.2

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MarketCast Acquired By Kohlberg & Company

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Los Angeles-based MarketCast , a market research company providing research services to the global entertainment industry, has been acquired by Kohlberg & Company , according to reports. Financial terms of the acquisition were not disclosed.

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Report: NastyGal Facing Cram Down Round, Seeking Buyer

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Los Angeles-based fashion website NastyGal is apparently in the midst of a "cram down" round--a round where the current shareholders in a company essentially reset the equity structure of a company that usually forces non-participating investors to lose most, if not all of their stake in the company. READ MORE>>.

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Activision Blizzard On Block, Says Report

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Los Angeles-based videogame maker Activision Blizzard is on the block, with majority owner Vivendi looking to sell the video game business, according to reports this week. The article said that Time Warner, Microsoft, Chinese gaming firm Tencent, as well as a number of private equity firms have been approached about the sale.