Playboy Might Be Auctioned Off
Playboy Enterprises reportedly could go for more than $500 million.By Samantha Crook | March 24, 2016
Playboy might be up for sale soon, according to a report from The Wall Street Journal.
The outlet reported the company could sell for more than $500 million. The sale was reportedly inspired by bids that came about after the Playboy Mansion went on the market for $200 million — with a clause stating that Hugh Hefner would live there for the rest of his life.
In January, a spokesperson for the company said the sale of the Los Angeles mansion was part of a broader strategy "to reinvest in the transformation of [the] business."