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Providence Equity Partners Articles

Baidu Acquires Majority Stake In Chinese Video Property iQiyi Baidu Acquires Majority Stake In Chinese Video Property iQiyi

In a move that should seal its spot as the Google of China, Baidu announced that it has acquired a stake in online video platform iQiyi from Providence Equity Partners though the property is closer to a Hulu than to …

Privat Equity’s 10% Hulu Stake for $200 Million Privat Equity’s 10% Hulu Stake for $200 Million

Providence Equity Partners Inc. bought up a ten percent stake in Hulu, an online streaming video service, in 2007 for about $100 million. Now, the private equity investment firm is ready to part ways with that stake in the company, …

Baidu Receives $50 Million To Build Video Site
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The creation of the Chinese equivalent of Hulu is now officially underway.  Providence Equity Partners, which invested $100 million in the original American video site, will give Baidu $50 million to create Qiyi.com.  Qiyi should similarly offer premium content and rely on ad revenue.

Hulu Investor May Help Launch Similar Site In China

An investment group with significant ties to Hulu may now be ready to help a similar site launch in China.  A report’s connected Providence Equity Partners to both Baidu and a new online video destination.