Hulu’s ownership partners are close to buying out one of their number, according to Bloomberg. NBCUniversal, News Corp., The Walt Disney Company and members of the Hulu team are to purchase the stake owned by Providence Equity Partners at a price that values the company at $2 billion.
Bloomberg cited two unnamed sources with knowledge of the matter in reporting that Providence is selling its 10 percent share in Hulu for $200 million after investing $100 million when the venture began in 2007. Its report added that the companies will also allow CEO Jason Kilar and other Hulu employees to sell some shares of the closely held online TV service.
Hulu currently has more than 2 million subscribers who each pay $8 a month to watch Hulu Plus, Hulu’s service that includes an expanded library of premium content and more options for screens on which to view them.
Hulu’s owners cancelled previous floatation plans in October.
Related links:
Hulu – official site
Providence Equity Partners – official site
Bloomberg – Providence Said Selling Hulu Stake at $2 Billion Value
