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IPFS News Link • Entertainment: Movies

Hugh Hefner Takes Playboy Private


NEW YORK - An investor group led by Playboy Enterprises founder Hugh Hefner on Friday closed its $207 million buyout of the adult entertainment firm, giving the group full control of the firm and taking Playboy private.

The buyout of the company, which so far had a stock market listing, came for $6.15 per share via an acquisition vehicle called Icon Acquisition Holdings.