|Twinkies bought out by Greek-American billionaire Dean Metropoulos|
Greek-American billionaire Dean Metropoulos is saving the famous Twinkies from bankruptcy! Last year, Forbes ranked the 66-year-old Metropoulos, a resident of Greenwich, Connecticut as No. 377 on its list of U.S. billionaires. Hostess Brands Inc. is selling the spongy yellow cakes, along with other snacks including Ding Dongs and Ho Hos, to Apollo Global Management and Metropoulos & Co. for $410 million.
Metropoulos has said they hope to have the cakes back on shelves by this summer.