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Originally Posted by pornstar2pac
playboy is a public company, so shouldn't playboy's post how much they paid for it?
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http://yahoo.brand.edgar-online.com/...05-005239&nad=
the link above is the public disclosure. technically speak, present day value is less than 12 million when you factor in the time value of money since 4 million is deferred.
Either way, you gotta give props to a smart businessman who implemented a great exit strategy. Most people in his shoes, it would be extraordinarily difficult to find a buyer to cash out, and he did. He also still gets to maintain control and the opportunity exists for him to make even more money.