Latest in Providence Equity Partners

The partners aren’t saying how much they’re kicking in, but the global venture will invest “primarily in sports and entertainment related media assets.” They’re targeting growth equity investments of as much as $50M in private companies and, they add, “have the capacity to make larger investments as needed.” They see…

The deal removes the leading non-broadcaster force at the video streaming company that’s controlled by Disney and News Corp and includes NBCUniversal, according to reports in TechCrunch and Bloomberg. Hulu’s said to have borrowed the cash to repurchase Providence Equity’s shares, which it bought in 2007 for $100M. Its…

Newport is Providence Equity’s holding company for the collection of TV stations the private equity firm bought in 2007 from Clear Channel. Investors seem to like Nexstar’s $285.5M agreement today for 12 Newport stations; Nexstar shares are +5.2% at mid-day. Sinclair is more complicated: In addition to the $412.5M…

Providence Equity Partners’ 10% stake in Hulu is close to being bought out by co-owners Disney and and News Corp, Bloomberg is reporting. The deal is for $200 million after the private equity group invested $100 million in 2007 and values the company at $2 billion, according to Bloomberg’s sources. If true, Providence…

Longtime Hollywood mogul Peter Chernin‘s indie company has just received a new infusion of capital to help with his goal of expanding into a global media company “across all fronts with this additional expertise and resources”. Led by Providence Equity Partners, the investors are taking what’s being called a…

Yahoo has fielded offers this week from at least three bidders seeking a stake of about 20% of the company, the Wall Street Journal and Bloomberg reported, and the company’s directors will likely discuss those offers at a regularly scheduled board meeting Wednesday in Sunnyvale, Calif. Bidders include private-equity…

UPDATE: Today News Corporation, Providence Equity Partners, The Walt Disney Company, and the Hulu senior management team issued a joint statement that it was terminating the sale of Hulu. “We look forward to working together to continue mapping out its path to even greater success.” (Full statement below.) So what…

News Corp COO Chase Carey said during the company’s conference call Wednesday that the ongoing Hulu auction is “progressing largely as planned,” but for the most part streaming-video site co-owners News Corp, Disney, Comcast and Providence Equity Partners have been mum about the sale process. Today come reports that…

UPDATE: Now the story’s been debunked. The Wall Street Journal is reporting tonight that Hasbro is in preliminary talks with Providence Equity Partners about a leveraged buyout. Hasbro has a market capitalization of about $6 billion. It owns the G.I. Joe and Transformers and Stretch Armstrong toys sold to Hollywood…