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Providence Seeks To Exit Hulu Stake For $2B

Providence Equity Partners and a group of investors are seeking to sell their stake in the U.S. online video service Hulu.

Providence Equity Partners and a group of investors are seeking to sell their stake in the U.S. online video service Hulu, Reuters reports. The consortium of sellers is seeking to raise $2 billion from the sale.

Yahoo, Google, DirecTV and Amazon.com are the potential bidders for the stake. The company, founded in March 2007, is jointly owned by Providence, News Corporation, Walt Disney and NBC.

Click here for the story from Reuters.

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