Peter Chernin’s Media Group Picks Up $200M From Providence, Others; Will Announce First Deals ‘Within Weeks’ [Yahoo Won't Be Among Them]

techcrunch.com — A sign of more big money being poured into the tech sector, by way of a new development for the Chernin Group, the digital media company founded by ex-News Corp. executive Peter Chernin: it has sold a minority stake to a group of investors led by Providence Equity Partners, reportedly for $200 million.
Interesting Chernin/Providence tieup. Wonder what they'll swoop on 1st. Notably they decided Yahoo 'didn't make sense' t.co/Ap8GKN1K