Playboy nears $425 million deal to return to the stock market, sources say

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Playboy Enterprises is nearing a deal to go public through a merger with Mountain Crest Acquisition Corp , which would value the owner of Playboy magazine at around $425 million, including debt, people familiar with the matter said.

FILE PHOTO: Playboy bunnies pose during the opening ceremony of the Playboy Cancun casino December 4, 2010. REUTERS/Henry Romero/File Photo

A tie-up with Mountain Crest would result in Playboy’s return to the stock market, nine years after it went private in a $207 million deal led by its late founder Hugh Hefner and private equity firm Rizvi Traverse Management. Mountain Crest is in discussions with investors who would contribute around $100 million to the deal in the form of a private investment in public equity, or PIPE, transaction, the sources said.

Reuters reported last week that Playboy was exploring going public through a SPAC merger. The New York Post reported the exclusive talks with Mountain Crest on Tuesday.

 

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Because nothing says 21st Century like, Playboy?

This is disgusting!

Goot LUCK as not many have that fancy anymore....When the WORLD IS HARD CORE!

Paraları basıyoruz gençler. Parası olmayan yallah bankaya 36 ay vadeli

I can't wait to read all those new articles!!! assuming they make them fit into Twitter-size snippets. VOTE QUIMBY!

Is this part of Ivanka's example of Trump increasing jobs for women?

Who cares.. so over this!

The time to make love not war...

This is the excitement in the markets that DJT has been excited about.

Oh, was it gone? It’s still a thing?

BUY

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