PLBY -Playboy Shares Rocket, Lands Major Deal For Its China Business

Playboy, Inc. (NASDAQ:PLBY) shares are surging on Monday following a significant deal that will see the company sell 50% of its China business, which is expected to generate $112 million in guaranteed payments. This news comes as the broader market is experiencing mixed movements, with the Nasdaq up 0.69% and the Consumer Discretionary sector down 0.3%, adding pressure as broader markets edged lower. • Why are PLBY shares rallying?China Business Deal TermsPlayboy is set to receive$ 122 million in total cash ...