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Hef Offers To Take Playboy Private

| Filed under: PlayboyBusiness Blitz

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In order make Playboy a private company, Hugh Hefner has backing from a private equity firm Rizvi Traverse Management LLC to buy the shares of his empire that he does not already own.

But he's got some competition!

CEO of FriendFinder, Mark Bell, is planning on making a formal bid.

Although Hef does not plan on selling his shares or the company. He wrote a letter to Playboy's board of directors detailing his disdain for a merger with any other brand.

Too bad Mr. Hefner only owns 4 million of the companys' 33.6 million shares of stock. It isn't his decision anyway.

[Image via WENN.]

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8 comments to “Hef Offers To Take Playboy Private”



  1. 1

    you mean "it isn't"



  2. 2

    these girls are so gross, spreading their legs for a 80-something year old grandpa just so they can get a free dinner and maybe a handbag.



  3. 3

    "It's isn't his decision anyway." Tell me what the problem here is. Seriously, who writes this?



  4. 4

    Sad that the guy cannot own the company he started in the fifties, that became a cultural icon.



  5. 5

    and again! Does it really take that long to read through and check?! No.



  6. 6

    seriously Mario get someone to check your grammar before you post shit you are brutal

  7. ass says – reply to this


    7

    "Too bad Mr. Hefner only owns 4 million out of 33.6 million shares of stock. It's isn't his decision anyway."
    -
    Perez, are you really such a complete fucking dipshit that you always have to slip asshole comments like this in? Get a grip, douchebag.



  8. 8

    Perez or Ghostwriter…you really are clueless when it comes to business.

    He owns 4million shares of stock.. Anyone who owns shares owns part of the company. If you own shares you get to vote on decisions within the company. So yes, he still can make decisions, and considering he owns 4million shares as 1 person compared to the 33.6 million shares floating around many people. He probably can make certain decisions. So shut the fuck up and continue making horrible videos using windows movie maker.