Wednesday, January 12, 2011

"Hef's Bet"

http://www.usatoday.com/money/media/2011-01-10-playboy-buyout-Hefner_N.htm?csp=obnetwork

Playboy has agreed to a deal to allow major shareholder Hugh Hefner take the company private. Ironically, the success of the company was built on other people’s privates.

Hef will pay a reported price of $6.15 a share, plus he will pay for the board of directors’ breast implants.

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