Someone is out, something is over, someone is in, and someone never was…
Bonus Scoopage:
Hugh Hefner’s most prized asset — his ownership of Playboy — could be in flux for a full year. Hef sold his company, Playboy Enterprises, back in March 2011, but retained a 35% minority ownership in the company. TMZ says there were strings attached to Hef’s shares in the company — strings that affect his children.
Under the deal, Playboy Enterprises has one year from the time of Hef’s death to buy back his shares, assuming his estate and Playboy can reach an agreement. If they can’t, after one year Hef’s 35% interest is up for grabs — the highest bidder gets it. Proceeds from the sale will go to Hefner’s kids. Playboy insiders say Hef’s shares should fetch around $45 million.
