Netflix (NFLX) Shares Pop Following Providence $200M Hulu Sale

April 26, 2012 1:16 PM EDT
Netflix (Nasdaq: NFLX) shares are moving higher following headlines that Providence Equity Partners is selling its 10 percent stake in Hulu for $200 million, giving the streaming content competitor a $2 billion valuation.

Shares are now up 0.3 pecent.


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Providence Equity Partners, Hulu