Hugh Hefner has regained control of his Playboy business empire in a massive multi-million dollar deal with shareholders.
The publishing mogul, who set up the company more than 50 years ago, has been involved in months of negotiations to regain a majority stake in the firm.
The 84 year old has now reportedly offered up $207 million (£138 million) to take increased shares in Playboy, according to TMZ.com.