• By Nicholas Carlson
    Mar 7, 2008 2:20 PM 14,990
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    #marcbell

    Penthouse Magazine Closing? CEO Says No, COO Says Yes

    Penthouse CEO Marc Bell calls lawsuit threat "blackmail"
    read more: #adultfriendfinder, #marcbell, #penthouse, #andrewconru, #ipo, #valleywag

    Penthouse plans $250 million public offering

    PenthouseIPO.jpgFinancier and CEO Marc Bell plans to take Penthouse Media Group public in a $250 million IPO. If investors take the bait, it'll likely be on the strength of Adult FriendFinder and the rest of the Web properties Penthouse bought from Andrew Conru last December for $500 million. After the acquisition, Penthouse projected its 2007 revenues would reach $340 million — most of that from Adult FriendFinder. Some of the proceeds from the IPO, if it succeeds, will go to pay off debt from the acquisition.


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