CHICAGO ?
Is Playboy officially on the block?
Playboy officials would not confirm nor deny reports Friday to
XBIZ that the company has placed a $300 million price tag on the company.
Earlier today, the
New York Post reported that the company, which trades for $2.85 a share on the New York Stock Exchange, has been in sales talks since February [
source].
If the rumor is true, Playboy (NYSE:
PLA) is seeking a premium of more than $200 million given its market cap of around $88 million based on its share price.
More... | [source:
XBiz]