07-15-2010, 09:52 PM
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Too lazy to set a custom title
Industry Role:
Join Date: Dec 2003
Posts: 11,089
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Quote:
In Playboy bidding war, owner of Penthouse tops Hefner offer
FriendFinder Networks Inc., the owner of the Penthouse adult entertainment franchise, has made a proposal to acquire rival Playboy Enterprises Inc. in a deal that FriendFinder valued at $210 million. The move counters a bid made this week by Playboy founder Hugh Hefner to take private the company he founded in 1953 in a deal that would value Playboy at $185 million, or $5.50 a share.
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http://www.statesman.com/business/ve...64-805525.html
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