Playboy Bidding War Highlights the Consolidation of the Media Industry

Hugh Hefner has announced a plan to take Playboy Enterprises, Inc. private by offering to purchase the shares he does not already own in the iconic media company. Another in a long list of recent proposed delistings, CFW believes that Hefner's proposal epitomizes a trend of consolidation in the US media industry. In addition, it identifies yet another situation where a firm is taken private due to perceivably undervalued stock.

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