Private equity shareholder to sell hulu10% shares at 200 million dollar price

Sina Science and technology news Beijing time October 14 morning, two sources said, private-equity firm Providence Equity has sold 10% shares of Hulu to Hulu at $200 million.　　The deal's valuation of Hulu reached 2 billion dollars. Sources said Hulu would borrow to complete the share buyback. In addition, Hulu CEO Jason Ki Jason Kilar will earn about 40 million dollars in the deal.　　The deal will make Hulu's stake more concentrated, with Hulu's other shareholders including News Corp, Comcast and Disney. A spokesman for Hulu and Providence declined to comment on the news. According to the source, the deal was completed last week. Providence, News Corp and Comcast's NBC Universal co-founded Hulu in 2007, and Disney won some of Hulu's shares in April 2009.　　Among them, Providence invested 100 million dollars in 2007 when Hulu was founded. In April this year, it was reported that Hulu's media company shareholders were approaching an agreement with Providence to buy the company's Hulu stake at a price of 200 million dollars. In the deal, Hulu employees such as Kilar were allowed to sell their holdings. (Zhang Fan)