Hefner wants complete control of Playboy

By Andy Rice 13 July 2010

Playboy Enterprises founder Hugh Hefner is looking to take his company private. Hefner currently controls 69.5% of the firm's class A stock, and 27.7% of its class B shares. He reportedly plans to make an offer of $5.50 a share. Hefner is said to want to have more of an influence on the magazine's editorial direction. Read more: Bloomberg via Business Report

Gallery

RAMAPHOSA PRESIDENCY

First 100 days: Off to a good start in diplomacy

Carien Du Plessis 11 hours ago

"I do not understand how holding a placard to protest against gender-based violence would be interpreted as insulting the modesty of a woman." ~ Beatrice Mateyo

0