Playboy, Hugh Hefner | featured news

Lindsay Lohan's nude photo spread for Playboy is helping the men's magazine break sales records, according to Playboy founder Hugh Hefner.

The publisher of Playboy magazine said Monday it has agreed to a sweetened offer by founder Hugh Hefner to take the company private. The price of $6.15 a share is an 18 percent premium over Friday's closing price and values the company at about $207 million. The bid tops Hefner's offer of $5.50 per share in July.

Hugh Hefner wants to buy out the portion of the Playboy empire he doesn't already own in a bet that the iconic brand can still bring in profits even if the ink-on-paper magazine is past its prime.

The Shannon sisters chose to bare their breasts at the Super Bowl bash held at the iconic Playboy mansion on Sunday.