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Providence Drops Plans To Sell Hulu Stake
Providence Equity Partners and a group of investors have dropped plans to sell their holding in U.S. online video service Hulu.
Providence Equity Partnersand a group of investors have dropped plans to sell their holding in U.S. online video serviceHulu,AltAssetsreports. The deal was expected to garner over $2 billion.
集up in March 2007, Hulu provides U.S. viewers free access to hit TV shows such as Family Guy and 30 Rock using an advertising revenue-based business model. International buy-out firm Providence,News Corp.,Walt DisneyandNBCtogether own the company.
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