Playboy: Playboy Rejects Cooper Hefner's $100M Offer to Buy Company

Playboy has no interest in selling to Hugh Hefner's son--at least, not for his offering price. Playboy Group said Thursday that its board unanimously rejected Cooper Hefner's "unsolicited" $100 million offer to buy the company, adding that the offer "substantially undervalues" the assets. (TheWrap) CEO Ben Kohn said the board "will continue to evaluate all...