Playboy takes on advisers as it consider's Hefner's offer to go private

Playboy yesterday revealed that it has taken on legal and financial advisers as the magazine publisher considers founder Hugh Hefner's offer to take the company private.

By The Newsroom

Published 6th Sep 2010, 22:56 BST

Updated 8th Sep 2010, 05:04 BST

• Mr Hefner Picture: Getty

Hefner tabled his takeover offer - which valued Playboy at $185 million (121m) - in July, sparking a bidding war involving competitor Penthouse magazine