Maxim Magazine, the "“Sex Sports Beer Gadgets" Magazine turned out a bad investment for private equity Quadrangle Capital Partners.
Bids are reportedly around $20 MM for the magazine, Bloomberg News says, or less than 1/10th the price of $250 MM Quadragle paid for it.
Who wants to pay money for a barely softcore mag? If I'm going to pay for a Maxim, I'd better see some titties of C-list actresses.
Cupiditate porro ut hic ea dolorem placeat aut. Vitae architecto maxime expedita velit rem pariatur. Natus at corrupti in reiciendis sint. Dolore aspernatur similique minus et cupiditate voluptas qui. Dicta amet aut et facere laborum dolor laboriosam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...