Hugh Hefner wants to take Playboy private, and with a stock that has been languishing for the last four years it sure seems like investors should just let him.
On Monday Playboy Enterprises founder Hugh Hefner, who already owns 69.5% of Playboy's Class A shares and 27.7% of its Class B shares, offered to buy the portion of the company he does not own for $5.50 per share in cash. The offer, from Hefner and planned partner Rizvi Traverse Management, values the company at $185 million, Forbes reports.
According to The Guardian, Hefner, 84, is renowned for hosting younger girlfriends at his Playboy mansion in
In a statement, Playboy said it would form a special committee of independent directors to assess Hefner's proposal. The company said that, in a letter, Hefner had insisted he would not sell to a third party out of concern for "the PEI [Playboy] brand, the editorial direction of the magazine and
The Investigative Committee of the Russian Federation put the head of the contractor company of Russia's space corporation Roskosmos, Sergei Slastikhin, on international wanted list
"Washington operators of the sanctions machine ought to get acquainted with the history of Russia, to stop the unnecessary fussing," spokesperson for the Foreign Ministry said