Private equity investor teams up with Baidu

Private equity firm Providence Equity Partners (Providence) will invest in Baidu's new online video company business. Baidu is China's leading internet…

1 minute readApril 16, 2010 at 12:58 AM

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Private equity firm Providence Equity Partners (Providence) will invest in Baidu's new online video company business. Baidu is China's leading internet search provider. Providence will supply US$50 million to the new company to develop an advertising supported online video business providing premium licensed content in China.

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