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Playboy on Block for $300M

Hef said to be loathe to part with firm

By Matt Cantor,  Newser Staff

Posted May 22, 2009 1:33 PM CDT

(Newser) – With the magazine at its heart struggling against the tide of the Internet, Hugh Hefner’s Playboy empire is seeking a buyer for $300 million, the New York Post reports. That’s three times its current market capitalization, but sources say Hef won’t sell...   Read full story »

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