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OnlyFans — a massive network of adult content creators where performers and influencers sell subscription-based content directly to fans — is considering selling a majority stake of its business to investment firm Architect Capital, a source close to the deal told TechCrunch. The deal would value the platform at $5.5 billion.
Of the $5.5 billion, $3.5 billion will be equity and $2 billion will be debt, the source said. Under these terms, the architect will assume a 60% stake in the company. The two parties are exclusive, meaning OnlyFans is prohibited from negotiating with other potential buyers for a specific period of time. It is unclear what the timetable for completing the deal is. The negotiations were I mentioned previously By Wall Street Journal.
TechCrunch has reached out to Architect Capital for comment.
This isn’t the first time in recent memory that OnlyFans has been in talks to sell its business. Last year, the New York Post I mentioned that Leonid Radvinsky, the billionaire owner of the site, was looking to “draw money” and was courting potential buyers. next Preparing reports It showed that the platform’s parent company, Fenix International Ltd., is in talks with a US-based investor group led by Los Angeles-based investment firm Forest Road Company. It’s not clear what happened to those discussions, though a source told TechCrunch that there have been a number of interested parties since OnlyFans announced its interest in selling a majority stake.
The potential business partner in this particular deal, the architect, Launched in 2021 As an asset-based lender – a company that provides loans secured by a company’s assets – and is looking to partner with them Early stage startups.
OnlyFans maintains that it is not a porn site, despite the fact that the majority of its creators produce adult content. The site, a British company, was founded in 2016 by Tim Stockley, who also initially served as its CEO. Stokely Sold majority stake From the site’s parent company, Fenix International, to Radvinsky in 2018. Over the years, it has suffered a variety of Legal disputes, Including lawsuits The site was accused of profiting from offensive videos.