Marc Bell News
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FriendFinder Networks Inc., the owner of Penthouse magazine and a sex-dating website that has $511 million of debt, was given three months by its bondholders to turn around a business that has never reported a profit.
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FriendFinder Networks Inc. , owner of Penthouse adult magazine, plans to submit a bid for Playboy Enterprises Inc. , following a $123 million offer from Playboy founder Hugh Hefner .
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FriendFinder Networks Inc. , the owner of Penthouse magazine, said it will offer $210 million to acquire Playboy Enterprises Inc. , challenging a bid from Hugh Hefner to take the company private.
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FriendFinder Networks Inc. , the owner of Penthouse magazine, delayed its bid for Playboy Enterprises Inc. a second time since Playboy founder Hugh Hefner ’s $123 million offer to take the company private.
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Playboy Enterprises Inc. , the target of competing takeover bids from founder Hugh M. Hefner and the owner of Penthouse magazine , posted a smaller quarterly loss than analysts projected after lower restructuring costs.
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Playboy Enterprises Inc. agreed to be taken private for $207 million by founder Hugh M. Hefner , who increased his bid to gain full control of the 58-year-old magazine publisher amid slumping circulation and losses.
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Stuart Lawley has Hustler magazine and the distributor of Paris Hilton ’s sex tape up in arms.
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Four U.S. Open umpires sued the U.S. Tennis Association, claiming the group misclassified them as independent contractors to avoid giving them overtime and other pay.
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FriendFinder Networks Inc. , the Penthouse magazine publisher vying to acquire Playboy Enterprises Inc. , has completed a $551 million debt financing, the company said today in a statement.
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