Playboy Enterprises

(Newser) - Can Hugh Hefner save Playboy by buying it back? That’s what the founder—and the company’s largest shareholder—has decided to do, Chicago Breaking Business reports. Hef’s Icon Acquisition Holdings LP will take Playboy Enterprises private . The price of $6.15 a share is an 18% premium...

(Newser) - Founder Hugh Hefner wants to take Playboy private, and he mounted a bid today that values the struggling company at $185 million, Bloomberg reports . Playboy Enterprises stock closed up almost 41% and attracted interest from another party—but who would want a conglomerate that's lost $20 million in just 2...