Despite a widely publicized downturn in porn industry profits over the past few years, investors still think there’s money to be made there – so much so that a bidding war has erupted for one of the few publicly traded companies with ties to the adult industry.

New Frontier Media, which oversees nine adult-themed pay-per-view networks, including XTSY, TEN and Penthouse TV, has received a pair of unsolicited takeover offers this month as the company’s stock has hovered under $2 per share for over a year.

Read more at CNBC.com