PLBY Group Board unanimously rejects Cooper Hefner's unsolicited bid for Playboy assets

Playboy, Inc.

Board unanimously rejected unsolicited, non-binding offer from Cooper Hefner and Hefner Capital for Playboy assets.
Offer publicly disclosed October 21, 2024; Board says it 'substantially undervalues' Playboy assets.
CEO Ben Kohn reaffirms commitment to asset-light model and evaluating all options for Playboy.
Board concludes the proposal is not in the best interests of PLBY Group stockholders.

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