Officials for Playboy founder Hugh Hefner’s estate are selling off his stake in the publishing empire.
A court petition from an estate trustee seeking to determine how much Hefner’s 33.8% share is worth ahead of a planned sale has been granted, and according to TheBlast.com, the assets will be split between the late star’s heirs.
“Hef was an American original,” attorney Adam Streisand says. “He left Playboy in great hands, but with Hef gone, it’s time for us to close that chapter and focus the future on Hef’s charitable vision.”
However, Streisand and his team have to move quickly – estate officials reportedly only have 90 days from the date of Hefner’s death in September to complete the sale, meaning the business deal has to be all wrapped up by Dec. 26.
