Twinkies co-owner buys Playboy Mansion

Posted online June 7, 2016 | 11:38 am

Daren Metropoulos of Metropoulos & Co., the private equity firm that famously helped rescue Twinkies snack cakes from extinction when it bought Hostess out of bankruptcy, has a new purchase in mind.

Metropoulos penned a contract to purchase the Playboy Mansion. However, it comes with a unique clause. Playboy's 90-year-old founder, Hugh Hefner, will get to stay at the mansion for the rest of his life per the terms of the sale.

The estate is listed for $200 million.

Read more from CNNMoney.

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