CHICAGO -- Hugh Hefner's offer to take Playboy Enterprises Inc. private drew the promise of a competing bid on Monday from the owner of archrival Penthouse magazine. That raises the ...

Hefner, with backing from Rizvi Traverse Management, has sent the board of directors an offer to take the company private at $5.50 per share. The stock had closed Friday at $3.94, so the price ...

Playboy Enterprises, the magazine's parent company, said Monday morning that magazine founder Hugh Hefner has offered to buy all of the shares of the media empire that he doesn't already own ...

A Reddit user, who claims she was a swimwear model who attended famous Playboy parties, has opened up on what Hugh Hefner was really like. Over the years, we have always had snippets of the ...

Hugh Hefner, 84, founded Playboy in 1953 and turned the publication and its scantily clad models into a cultural mainstay. But in recent years, the company has faltered as advertising revenue ...