A sign of more big money being poured into the tech sector, by way of a new development for the Chernin Group, the digital media company founded by ex-News Corp. executive Peter Chernin: it has sold a “significant minority stake” to a group of investors led by Providence Equity Partners, reportedly for $200 million.
The Chernin Group, which has invested in a number of hot online properties… → Read More
Blackboard, the maker of learning and education software for enterprises and schools, announced Friday that it is being acquired by a group of investors led by Providence Equity Partners, a private equity firm that specializes in media, entertainment, communications and information investments. Providence has also invested in several for-profit educational companies, like Education Management… → Read More
Hulu investor Providence Equity Partners is pumping $50 million into a new online video company set up by Chinese Internet search giant Baidu.
The news comes roughly 7 weeks after Baidu confirmed plans to established a new independent company to provide licensed, advertising-supported online video content to Chinese Internet users. → Read More
Chinese Internet search giant Baidu this morning announced plans to set up a new independent company to provide licensed, advertising-supported online video content to Chinese Internet users.
Reuters earlier this week caught wind of the company’s plans to launch the Hulu-like destination site, and also reported that Hulu investor Providence Equity Partners was going to have a significant stake in… → Read More
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