REUTERS: Playboy magazine owner Playboy Enterprises is exploring options that include going public through a merger with a blank-check acquisition company, according to people familiar with the matter.
Playboy is working with an investment bank to engage in discussions with a potential SPAC buyer, the sources said. A deal, if one is reached, would give Playboy access to money it needs to finance growth initiatives that it otherwise might not be able to tap, one of the sources said. The sources spoke on condition of anonymity because the talks are confidential.
Hefner, who founded Playboy in 1953, died in 2017 at the age of 91. His family sold a 35per cent stake in Playboy to Rizvi Traverse for US$35 million in 2018, according to PitchBook data.Playboy magazine's rabbit silhouette became one of the best known logos in the world and the"bunny" waitresses in Hefner's Playboy nightclubs were instantly recognizable in their low-cut bathing suit-style uniforms with bow ties, puffy cotton tails and pert rabbit ears.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Playboy explores deal to return to the stock marketPlayboy magazine owner Playboy Enterprises is exploring options that include going public through a merger with a blank-check acquisition company, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Warren Buffett-backed Snowflake's value doubles in stock market's largest software debutNEW YORK (REUTERS) - Snowflake's shares more than doubled in their New York Stock Exchange debut on Wednesday (Sept 16), a day after the Warren Buffett-backed data warehouse company raised more than US$3 billion (S$4 billion) in the largest US listing of the year thus far.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Buffett-backed Snowflake's value doubles in stock market's largest software debutSnowflake Inc's shares more than doubled in their New York Stock Exchange debut on Wednesday, a day after the Warren Buffett-backed data ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Europe: Stock markets fall at open on Fed warning[LONDON] Europe's stock markets sank in opening deals on Thursday, taking their cue from earlier sell-offs in Asia and the US after the head of the Federal Reserve warned of an 'uncertain' outlook for the virus-hit US economy. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
British government reaches deal with Conservative rebels on breaching Brexit dealLONDON (REUTERS) - British Prime Minister Boris Johnson's government reached a deal on Wednesday (Sept 16) to avert a rebellion in his own party, giving parliament a say over the use of post-Brexit powers within its proposed Internal Market Bill that break international law.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »