Penthouse Owner Offers $210M for Playboy
As promised, Penthouse magazine publisher FriendFinder Networks has announced that it has made a proposal to acquire Playboy parent Playboy Enterprises Inc. for $210 million. The proposal was sent to PEI’s board of directors today.
PEI released it's own statement confirming that it had recieved FriendFinder's offer and that it will "give it appropriate consideration." A Playboy spokesperson did not immediately return a request for comment.
In connection with its proposal, FriendFinder says it would leverage its 200,000 affiliates in its network of Web sites and social networking companies to extend Playboy’s global reach. “We are very excited about the prospect for the combination of Playboy Enterprises and FriendFinder Networks,” CEO Marc Bell says in the announcement. “We look forward to [Playboy founder Hugh Hefner] and other key members of management being an integral part of the combined companies.”
More ... http://www.foliomag.com/2010/penthouse-owner-offers-210-million-playboy


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