LOS ANGELES— Hugh Hefner’s Playboy Mansion is about to acquire a new owner — the billionaire businessman who lives next door.
Representatives of Playboy Enterprises and Daren Metropoulos confirmed Monday that Metropoulos’ bid to buy Hefner’s Los Angeles man cave is in escrow.
Both sides declined to reveal the price until escrow closes. The home was originally listed for $200 million.
READ: Playboy Mansion up for sale for $200M — report
Metropoulos did say terms of the sale allow Playboy Magazine’s 90-year-old founder to live in the mansion for the rest of his life.
After that, Metropoulos plans to merge his property with Hefner’s, creating a 7.3-acre compound featuring the two stately 1920s-era mansions.
Metropoulos bought his current home from Hefner in 2009 for $18 million.
Metropoulos has been an occasional visitor to the mansion since then.
