The assets of Penthouse Global Media have been sold for $11.2 million to the owner of XVideos.com, the San Fernando Valley Business Journal reported. Adult industry news outlet XBiz reported on Tuesday that XVideos.com management was among 400 individuals, companies and other investors in the adult entertainment industry expressing interest in the Chatsworth company’s intellectual property, videos, publications, broadcasting and digital rights. Penthouse Global Media filed for chapter 11 protection in January to address its debt and other financial issues.
