Playboy Enterprises Inc. said Thursday that it expects to book a non-cash charge in excess of $20 million related to its television programming inventory in the third quarter that ended Sept. 30. Get the full story »
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Friend Finder hires adviser for Playboy bid
Friend Finder Networks Inc., the owner of Penthouse magazine, said this morning it has hired Imperial Capital LLC as financial advisor in its effort to buy Playboy Enterprises, Inc.
FriendFinder is a rival suitor in the effort to take over Playboy. Playboy founder Hugh Hefner earlier this week offered Playboy’s board $5.50 a share to buy the remaining stake of Playboy he does not own in a private takeover of the iconic company. Get the full story »
