Playboy Agrees to Go Private in Hefner-Led Buyout

[Narasimha]

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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. Jon Erlichman and Margaret Brennan report on Bloomberg Television's "InBusiness." (Source: Bloomberg)