Hugh Hefner Gains More Control Of Playboy
The man, the legend, the myth, Hugh Hefner has sealed a deal to buy back control of his Playboy empire from stockholders.
The deal didn’t come cheap for Hefner, its reported he will spend over $200 million to buy out Playboy stockholders. This will give him more control of the company he founded more than 50 years ago.
Hefner had previously stated that he intends to pass control of Playboy over to his two sons and this move will make it easier for him to execute his plan.
Must be nice to work for the family business!