CHICAGO, Jan. 10 (UPI) -- Playboy Enterprises said it had agreed to let a partnership led by founder Hugh Hefner take the struggling U.S. company private.
Hefner's partnership, which includes an affiliate of Rizvi Traverse Management LLC and a loan commitment from Jefferies & Co., would pay $6.15 per share for the 30 percent of the company Hefner does not own in a deal worth $137 million that included a transfer of $115 million in company liabilities, Crain's Chicago Business reported Monday.