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Friday, May 22, 2009 11:58:22 AM
Last Update: 5/22/2009 11:44:53 AM
DOW JONES NEWSWIRES
(Updates with denial from Playboy spokesman that it is being shopped)
Playboy Enterprises Inc. (PLA) is being shopped to potential buyers of the adult
entertainment company with a price tag of $300 million, the New York Post
reported Friday on its Web site, citing people familiar with the situation.
Apollo Capital Partners and Providence Equity Partners were among those
approached. A Playboy spokesman, however, told Crain's ChicagoBusiness Friday
that the company is not being marketed to potential investors. "No, it is not
being shopped." a spokesman told Crain's.
Full story at
http://www.nypost.com/seven/05222009/business/playboy_in_market_for_a_sugar_daddy_with_170437.htm
and
ttp://www.chicagobusiness.com/cgi-bin/news.pl?id=34141
-Dow Jones Newswires; 201-938-5500
(END) Dow Jones Newswires
May 22, 2009 11:44 ET (15:44 GMT)
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