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Hefner Completes $208M Playboy Buyout

Hugh Hefner has completed his $207.3 million acquisition of Playboy Enterprises.

Hugh Hefner has completed his $207.3 million acquisition of Playboy Enterprises, The Wall Street Journal reports. Icon Acquisition Holdings, an entity Hefner controls, secured equity commitments from an affiliate of private equity firm, Rizvi Traverse Management, and a debt commitment from Jefferies & Company.

Playboy holders tendered 84.4% of the ‘minority’ shares not owned by Hefner and others. In January, Icon Acquisition agreed to take Playboy private for $6.15 per share.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from RTT News.

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