(Los Angeles, Calif.) - A deal was just struck between the Hugh Hefner Trust and the parent company that owns Playboy Enterprises, calling for the Hefners to sell their last shares in the company for $35 million. The money in the deal will then be distributed to Hefner's kids and his widow, Crystal, as well as his other beneficiaries. One of Hefner's son continues to work with the company but will have no ownership.
Posted 8/3/18
