Hugh Hefner Selling Playboy for $400 million to Richard Branson
Hugh Hefner of 83 is founder of Playboy Magazine before 56 years and it gained instant popularity day by day but now he is planning to sell Playboy and thinking about retiring.
Rumor it that “Playboy” tycoon Hugh Hefner is set to sell his multi-million dollar publication to Virgin Airlines entrepreneur as Richard Branson. The source discloses that Hugh Hefner has a $300 million offer on the table.
According to sources that Playboy Enterprises is trying to battle the recession along with the rise in internet pornography and also reported that it has been made losses of $13 million for the first three months of 2009 and Playboy’s chief executive Jerome Kern says that it was “unacceptable” For more information click here.
