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Published reports say that Daren Metropoulos, principal at private equity firm Metropoulos & Co., which owns and manufactures Twinkies, has bought the fabled (and in many quarters, infamous and disreputable) Playboy Mansion from Playboy founder Hugh Hefner.

Twinkies, of course, are the classic American snack that consist of lightweight golden sponge cake implanted with a creamy filling.

The stories say that while the house had been listed for $200 million, the actual purchase price was not announced.

In buying the house, Metropoulos is adding to his already considerable real estate holdings. He already owns the house next door in Holmby Hills, a Los Angeles neighborhood near Beverly Hills, which he bought in 2009 for $18 million.

The 20,000 square foot Playboy Mansion is said to have 12 bedrooms, a grotto and a zoo license.

There is a kicker to the deal. Hefner, 90, is permitted under the sale to live there until his death.
KC's View:
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