Playboy Enterprises Said to Explore Sale
ByPlayboy Enterprises, the parent company of the iconic men’s magazine, has retained investment bankers and has begun exploring a sale, people with knowledge of the discussions said on Thursday.
The company, which recently revamped the magazine,dropping most nudity from its pages, had retained the investment firm Moelis & Company to explore an expansion in its media business, said one person briefed on the process, who spoke about internal discussions on condition of anonymity. The news was first reported by The Wall Street Journal.
When the Playboy Mansion was listed for sale earlier this year, the person said, it prompted potential buyers to begin expressing interest in buying the entire company, and Playboy decided to explore that interest. Those potential buyers are based both in the United States and abroad but none are domestic media companies, the person said. They have not yet met with Playboy, which would be valued at around $500 million…
Playboy Enterprises Said to Explore Sale
