fundraising money

Providence’s Fund VII Target Reduced to $5B

Providence Equity Partners’ seventh fund will likely come in at around $5 billion, according to two sources who attended the firm’s annual meeting last week. Separately, Providence has finally completed the sale of their 10% stake in Hulu for $200 million.

Hulu Owners Bail on Deal Process

As sale and IPO processes continue to wither in the face of turbulent markets, the owners of Hulu, the streaming entertainment company, announced late Thursday they would not, in fact, pursue a sale of the company. News Corp., Providence Equity Partners, and the Walt Disney Co. are among Hulu’s owners. Previously, it was reported that strategic bidders had failed to satisfy sellers’ requirements.

Lawmakers Oppose Undeletable Cookies

(Reuters) – Two leading lawmakers on privacy — a Republican and Democrat — have asked the Federal Trade Commission to look into and’s installation of cookies onto users’ computers that cannot be deleted. In a letter dated on Monday, Representatives Joe Barton and Ed Markey asked FTC Chairman Jon Leibowitz what plans the […]

Hulu Deal at Risk Even as Bids Pend

(Reuters) – The auction of online video site Hulu has been slowed by recent developments which could derail it completely, according to sources familiar with the process. Among the issues are conflicts over complicated digital rights, a wide bid-ask gap, and Yahoo being sidelined as a potential buyer by its own issues. Moreover, NBC Universal’s […]

Google May Take Competitors to the Gridiron Next (Literally)

Google TV hasn’t exactly been setting the world on fire. The Motorola Mobility acquisition will help Google’s set-top television business—but it only goes so far. Even the acquisition of Hulu won’t turn the online search titan into a perennial competitor to traditional television networks. Hulu itself is facing smaller margins; its streaming entertainment business is […]

PEHUB Community

Join the 12494 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

Look Who’s Tweeting

Reuters VC and PE feed

RSS Feed Widget