It’s Done: Early Hulu Investor Providence Equity Partners Has Sold Its Stake For $200M

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http://techcrunch.com – It’s been a long time coming, but private equity firm Providence Equity Partners has sold its stake in Hulu for $200 million, people familiar with the matter have confirmed. The buyout of the firm’s shares by Hulu’s media owners, which has closed but has not yet been announced, will have a huge impact on Hulu and could significantly shape its future. Providence was an early investor in the online video site — back before it was Hulu — as News Corp.’s Peter Chernin and NBC Universal’s Jeff Zucker sought to create a new aggregator for their long-form bro (IT news)