Hugh Hefner has decided he wants to regain full control over his Playboy empire he built more than 50 years ago. He has struck a deal with Playboy stockholders…and will spend around $207 million to buy them out, giving him way more control of the company than he’s had for a while.

Hef, who clocks in at 84 years of age now, has said for a while that he plans to give the company over to his 2 sons. This move seems to be a step closer in that direction.

@MarisaMendez