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Hugh Hefner to Sell Playboy to Richard Branson?

May 26, 2009
by: 
 Bridget Daly

Could Hugh Hefner be selling his empire?

Reports have been circling that Hef is reportedly lining up British billionaire Richard Branson to take over Playboy!

As Hollyscoop has reported in the past, Playboy has been struggling in the recession like a lot of other companies. The brand lost $13 million in the first three months of this year.

Sources say Hef, who is 83, is considering retiring and courting Branson to take over. But it comes with a hefty price tag of $300 million!

A Playboy spokesperson denies any offers have been made, but admits Hefner would "listen to proposals that could create value for all of our shareholders".

One source told the New York Post, “Everyone says he’ll never let go, that he’ll take it with him to the grave.”

What about Hugh’s two sons? We thought they would take over before anyone else! They can’t too happy about this idea! When you’re dad is Hugh Hefner, you need to step up to the plate!
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Reader Comments
0:13PM 06/05/09 barbwire400
Christi Hefner quit the company long ago. She is not in charge anymore. If you think about it Playboy is passe' now and it might be better to leave the kids with cash instead of a dying empire to worry over.
9:07AM 06/01/09 tamick2000
His sons are too young to takeover and they might just as well want a nice cash inheritance rather than be strapped with a company and brand that continues to be difficult to make profitable.
3:45AM 05/28/09 StarryEyes87
ummm okkk
6:34PM 05/26/09 me623
They should leave the empire to his kid.
11:22AM 05/26/09 Eboe
Doubtful he'd sell. I would think his daughter would take over. She's already running alot of the company as is.
10:43AM 05/26/09 princess11
I agree! He wont sell!
9:19AM 05/26/09 Sophie
I can see this sale happening
9:14AM 05/26/09 marydoll512
I think this is for FREE publicity..There is no way he is selling
9:06AM 05/26/09 robbinlea
He won't sell!
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