Hulu Investor Gets Big Gain As It Sells Stake Back To Hulu
socalTECH
OCTOBER 19, 2012
Private equity firm Providence Equity Partners has sold its 10 percent stake in Hulu , the firm said Friday morning, getting a nice return on its investment in the online video streaming site. Providence Equity Partners had invested $100M in Hulu in 2007, and reportedly sold back its stake for $200M to the company this week.
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