Playboy Enterprises, Inc. Announces Closing of Acquisition by Icon Acquisition Holdings

Playboy Enterprises, Inc., a Delaware corporation, today announced the closing of its acquisition by Icon Acquisition Holdings, L.P..

Following the previously-announced expiration of the offer to purchase all outstanding shares of Playboy's Class A common stock (NYSE: PLA) and Class B common stock, Purchaser's wholly owned subsidiary Icon Merger Sub, Inc.accepted for payment and purchased for $6.15 per share, net to the seller in cash, less any applicable withholding taxes, all shares validly tendered in the offer and effected a short-form merger with and into Playboy. The merger was effective at 10:29 a.m. Eastern Time on March 4, 2011.