Report: Providence wants out of Hulu

One of Hulu's owners, media investment company Providence Equity Partners, is reportedly close to selling its 10% stake to the other three big owners.

The report from Bloomberg says Providence, which invested $100 million in 2007 when the digital video platform was launch, is looking to get double its investment -- $200 million. The other major media owners of Hulu are Walt Disney, Comcast, and News Corp.

For many analysts that means is worth some $2 billion currently. Reports suggest Disney, News Corp. and NBC Universal each hold Hulu stakes of about 27%, while Providence and Hulu employees own about 10% each.

Last year Hulu owners explored, than canceled plans of possible sale last year after previously putting off plans for an initial public offering.

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