Neighbour to buy Playboy mansion

The famed Los Angeles mansion of Hugh Hefner, founder of the Playboy empire, is under contract to be sold to private equity executive, Daren Metropoulos, Hefner’s next-door neighbour, a Playboy Enterprises spokesman said.

The Gothic Tudor-style mansion, which measures 20,000 sq ft (1,858 sq m), was listed earlier this year for $200m, Reuters reported in January.

Metropoulos is a principal at private equity firm, Metropoulos & Co. He did not comment.