FriendFinder to Announce Playboy Bid on Thursday

BOCA RATON, Fla. — FriendFinder Networks Inc. plans to make public its proposal to buy Playboy Enterprises Inc. on Thursday, CEO Marc Bell told XBIZ.

"We think it's a good fit," said Bell, who noted that Playboy had been on his radar for "some time."

"Other than that, you'll have to wait for the details I will disclose on Thursday at 12:30 p.m. [EDT]," he said.

FriendFinder announced it would be interested in Playboy shortly after Playboy founder Hugh Hefner offered Monday to take the company private for $5.50 a share in cash.

With Hefner's bid, the company's value stands at $185 million.

Hefner earlier this week said in a letter to Playboy's board that he had no interest in entertaining discussions of a merger or sale of his stake to another party.

And on Wednesday, he confirmed that. "My interest in taking Playboy private is prompting some crazy rumors," he said. "Playboy isn't in play. I'm buying, not selling."

Copyright © 2024 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Niki Media Acquires BritSexCash

Production studio Niki Media BV has acquired affiliate program BritSexCash.

Agatha Vega: From Venezuela to Venerated Vixen

Agatha Vega was brought up in a small neighborhood in Caracas, Venezuela, a city known for its urban dangers. Yet despite her surroundings, she says, she had very positive experiences growing up. With various relatives living in close proximity, she was always able to enjoy the company of her family.

Kylie LeBeau Makes Her Hookup Hotshot Debut

Kylie LeBeau has made her Hookup Hotshot (HUHS) debut alongside studio honcho Bryan Gozzling.

Vixen Media Group Extends Exclusive Contract With Dan Damage

Vixen Media Group has renewed its exclusive contract with Dan Damage.

FSC Warns of Nude Photography Site Falsely Claiming Affiliation With Organization

Free Speech Coalition (FSC) published a statement Friday warning of a nude art photography website fraudulently claiming to be associated with the industry trade organization.

Evil Angel to Drop JD's 'Transgressive 24'

Evil Angel debuts the 24th volume of director JD’s “Transgressive.”

Connie Perignon Stars in Latest From Brazzers

Connie Perignon stars with Jordi El Nino Polla in the latest release from Brazzers, titled "The Sneaky Masseur."

Sinatra Monroe Has 'A Classy Affair' in Ricky's Room

Sinatra Monroe stars in the latest release from Ricky's Room, titled "A Classy Affair."

MojoHost Reaffirms Commitment to Adult Industry Amid Project 2025 Implications

In the wake of Tuesday's election and amid concerns about the possible ramifications for the adult industry, MojoHost President Brad Mitchell has releases a statement addressing Project 2025 and the future of the industy.

TeamSkeet Debuts New Series 'PervMassage'

Fanta Sie stars with Erick Everhard in the first episode of the new TeamSkeet series, “PervMassage."

Show More