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Hugh Hefner to Take Playboy Private

Playboy agreed to be taken private by an entity controlled by founder Hugh Hefner in a deal valued at about $207 million.

“With the completion of this transaction, Playboy will come full circle, returning to its roots as a private company,” Mr. Hefner said in a statement, adding, “I believe this agreement will give us the resources and flexibility to return Playboy to its unique position and to further expand our business around the world.”




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