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Providence Said to Sell 10% Hulu Stake for $200 Million

Providence Equity Partners Inc. sold its 10 percent stake in Hulu.com back to company for $200 million, in a deal that values the video service at about $2 billion, two people with knowledge of the agreement said.

Hulu, based in Los Angeles, is borrowing the money to fund the repurchase, according to the people, who declined to be identified because the terms aren’t public. Separately, Hulu Chief Executive Officer Jason Kilar will receive about $40 million, the people said.