on Feb 28th, 2010Baidu Makes It Official: Providence Equity Backs Video JV With $50 Million Investment (paidContent.org via Yahoo! Finance)
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Chinese search giant Baidu says it has received a $50 million investment from Providence Equity Partners to start an online video subsidiary. Rafat was able to confirm reports that a deal for a Hulu-like service was in the final stages early last month.
