All Posts Tagged Tag: ‘Providence Equity Partners’

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 a YouTube. iQiyi, formerly known as Qiyi, was the first online video platform in China to focus exclusively on fully …

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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, and is ready to except $200 million for it. Estimates say that puts Hulu’s value at about $2 billion. Other …

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Baidu Receives $50 Million To Build Video Site

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.

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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.

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