Playboy is also Leaving Facebook
Playboy issued a press release late Tuesday night to announce its withdrawal from Facebook.
Brand management firm Iconix Brand Group and a group led by Jim Griffiths, Playboy's former entertainment president, are both in talks to acquire "gentlemen's" entertainment company Playboy Enterprises Inc.
The bids to make Playboy private are for more than USD 300 M according to the LA Times who cite “a person familiar with the situation.”
Both companies have been talking to Playboy management for about a year, the person said.
Any decision about a purchase will come down to Hugh Hefner, Playboy's founder and public face, who controls about 70% of its voting stock. A buyer would have to persuade Hefner to relinquish control of the company he started 56 years ago.
A spokesman for Playboy declined to comment, as did a spokeswoman for Iconix.
Playboy has been struggling during the financial crisis and has had to shut a number of its offices. In May it was also reported that Playboy Enterprises would be sold to Virgin but a deal was never agreed upon.
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The United States House of Representatives has approved a comprehensive legislative package worth 95 billion USD, earmarking funds for Ukraine, Israel, and the Indo-Pacific region
CIA Director William Burns has issued a stark warning, asserting that Ukraine may face defeat in its war against Russia by the end of this year if the United States does not step up its military assistance
EU Commissioner for Home Affairs Ylva Johansson conducted an inspection of border control measures at Sofia Airport, marking a significant step in Bulgaria's accession to the Schengen Area by air
Romania is making strides toward joining the Visa Waiver Program, a significant milestone that would enable its citizens to travel to the United States visa-free for up to 90 days
More than 100 pro-Palestinian demonstrators were arrested Thursday night at Columbia University in New York City
A Russian airstrike on the city of Dnipro in central Ukraine has resulted in the loss of at least eight lives and left 21 individuals wounded
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