PLBY Reports Strategic Partnership with Byborg Enterprises; Shares Soar

MT Newswires Live11-01

PLBY Group (PLBY) shares advanced over 32% in recent Thursday trading after the company reported a strategic partnership with Byborg Enterprises, a privately held online entertainment company.

The owner of Playboy said Byborg has agreed to buy 14.9 million newly issued PLBY shares at $1.50 per share, for a total purchase price of $22.35 million. The parties expect to close the deal Nov. 8.

The companies also signed a non-binding letter of intent to negotiate a definitive agreement for Byborg to license certain Playboy digital intellectual property and operate certain Playboy digital businesses.

The LOI includes $20 million in annual minimum payments to PLBY over the initial 15-year term for $300 million and a profit share based on performance, the firm said. They expect to enter into definitive agreements prior to year-end.

Price: 1.10, Change: +0.27, Percent Change: +32.79

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2480541340?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-01 01:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2480541340","market":"sg","top_or_hot":-1,"title":"PLBY Reports Strategic Partnership with Byborg Enterprises; Shares Soar","media":"MT Newswires Live","content":"<html><body><p> PLBY Group (PLBY) shares advanced over 32% in recent Thursday trading after the company reported a strategic partnership with Byborg Enterprises, a privately held online entertainment company.</p><p>The owner of Playboy said Byborg has agreed to buy 14.9 million newly issued PLBY shares at $1.50 per share, for a total purchase price of $22.35 million. The parties expect to close the deal Nov. 8.</p><p>The companies also signed a non-binding letter of intent to negotiate a definitive agreement for Byborg to license certain Playboy digital intellectual property and operate certain Playboy digital businesses.</p><p>The LOI includes $20 million in annual minimum payments to PLBY over the initial 15-year term for $300 million and a profit share based on performance, the firm said. They expect to enter into definitive agreements prior to year-end.</p><p>Price: 1.10, Change: +0.27, Percent Change: +32.79</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PLBY Reports Strategic Partnership with Byborg Enterprises; Shares Soar</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPLBY Reports Strategic Partnership with Byborg Enterprises; Shares Soar\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-01 01:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PLBY Group (PLBY) shares advanced over 32% in recent Thursday trading after the company reported a strategic partnership with Byborg Enterprises, a privately held online entertainment company.The ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLBY","symbol_name":"PLBY Group, Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2480541340","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480541340","pubTimestamp":1730395474,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"PLBY Group  shares advanced over 32% in recent Thursday trading after the company reported a strategic partnership with Byborg Enterprises, a privately held online entertainment company.The owner of Playboy said Byborg has agreed to buy 14.9 million newly issued PLBY shares at $1.50 per share, for a total purchase price of $22.35 million. The parties expect to close the deal Nov. 8.The companies also signed a non-binding letter of intent to negotiate a definitive agreement for Byborg to license certain Playboy digital intellectual property and operate certain Playboy digital businesses.The LOI includes $20 million in annual minimum payments to PLBY over the initial 15-year term for $300 million and a profit share based on performance, the firm said. They expect to enter into definitive agreements prior to year-end.Price: 1.10, Change: +0.27, Percent Change: +32.79","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PLBY":"PLBY Group, Inc.","BK4202":"服装、服饰与奢侈品"},"translate_title":"PLBY报告与Byborg Enterprises建立战略合作伙伴关系；股价飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLBY":1},"content_text":"PLBY Group (PLBY) shares advanced over 32% in recent Thursday trading after the company reported a strategic partnership with Byborg Enterprises, a privately held online entertainment company.The owner of Playboy said Byborg has agreed to buy 14.9 million newly issued PLBY shares at $1.50 per share, for a total purchase price of $22.35 million. The parties expect to close the deal Nov. 8.The companies also signed a non-binding letter of intent to negotiate a definitive agreement for Byborg to license certain Playboy digital intellectual property and operate certain Playboy digital businesses.The LOI includes $20 million in annual minimum payments to PLBY over the initial 15-year term for $300 million and a profit share based on performance, the firm said. They expect to enter into definitive agreements prior to year-end.Price: 1.10, Change: +0.27, Percent Change: +32.79","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480541340"}