Piglet! That is excellent, perhaps the Playboy Internet spinout will enhance their revenues with a judgment collection against Mr. Daley and ZSUN: "Playboy to Sell Shares in Online Business to Public Next Year 9/28/99 9:56 Chicago, Sept. 28 (Bloomberg) -- Playboy Enterprises Inc.,
one of the world's largest adult entertainment companies, said it plans to sell shares of its online business to the public next year. Playboy will file with the U.S. Securities & Exchange Commission later this year for the share sale. It expects to
complete the sale in early 2000.
The Chicago-based, under Chairman and Chief Executive
Christie Hefner, is trying to expand the Playboy brand beyond the
traditional print magazine forum, particularly the Internet,
where the company has already begun broadcasting adult
programming aimed at males.
``We believe the sale of a minority piece of this business
to the public will create the currency needed to continue to
build a top-flight senior management team and to make
acquisitions and alliances,' Hefner said in a statement. She is
the daughter of founder Hugh Hefner.
Playboy's online businesses include the Web site
Playboy.com, a chat site and retailing ventures. It also has
online agreements with ``Cigar Aficionado,' ``Wine Spectator,'
and other companies.
Shares of Playboy rose 1 to 23 1/4 in early trading." |
