Hugh Hefner May Sell Playboy Empire To Richard Branson

Hugh Hefner may be selling his Playboy empire to Virgin Media mogul Richard Branson. The company has been hit hard by the economy it seems, so perhaps it will take Virgin to bring profits up.According to several reports, Hugh Hefner may sell Playboy, and in the pool of potential buyers is Virgin Media billionaire Richard Branson. The company had been severely affected by the internet, and probably the economy too, and suffered about $13 million in losses in the first quarter of 2009. Playboy shares hit as low as $1.15.

Hef, who is now 83, is rumored to be thinking in the $300 million range for the Playboy empire.In other Playboy news, Hef’s former girlfriend Kendra Wilkinson is set to marry Hank Baskett at the Playboy mansion on June 27. The Playboy hottie disappointed many when she announced she will no longer pose for Playboy, and is instead thinking about having kids. “I will always love Playboy and I will always love Hef, but I am officially done shooting for Playboy. “It’s time to move on to something new…We’ve been talking about kids a lot. We want to be young parents. I think we’re going to raise amazing kids!”