OnlyFans, the subscription-based platform infamous for hosting explicit content, has initiated talks with San Francisco-based investment firm Architect Capital to sell off a significant stake worth billions of dollars.
The proposed deal, which has not yet been finalized, would see OnlyFans valued at approximately $5.5 billion, representing a substantial decrease from its previously failed sale attempt that was pegged at nearly $8 billion last year.
According to sources citing TechCrunch, the investment firm is willing to provide $3.5 billion in equity and an additional $2 billion in debt as part of the offer. As part of exclusive negotiations with OnlyFans' owner Leonid Radvinsky, other potential buyers would be barred from making competing bids for a set period.
While no official closing date has been announced, it is clear that this deal will not come to fruition without significant hurdles being cleared. Notably, OnlyFans has reported impressive growth in recent years, with its 2024 fiscal year gross revenue increasing by nine percent, exceeding $7.2 billion.
It's worth noting that OnlyFans' valuation remains a topic of interest for industry observers and investors alike, given the platform's evolving role as an online destination beyond explicit content.
The proposed deal, which has not yet been finalized, would see OnlyFans valued at approximately $5.5 billion, representing a substantial decrease from its previously failed sale attempt that was pegged at nearly $8 billion last year.
According to sources citing TechCrunch, the investment firm is willing to provide $3.5 billion in equity and an additional $2 billion in debt as part of the offer. As part of exclusive negotiations with OnlyFans' owner Leonid Radvinsky, other potential buyers would be barred from making competing bids for a set period.
While no official closing date has been announced, it is clear that this deal will not come to fruition without significant hurdles being cleared. Notably, OnlyFans has reported impressive growth in recent years, with its 2024 fiscal year gross revenue increasing by nine percent, exceeding $7.2 billion.
It's worth noting that OnlyFans' valuation remains a topic of interest for industry observers and investors alike, given the platform's evolving role as an online destination beyond explicit content.