OnlyFans could be sold to investors for $8 billion – Reuters
By ForGeeks OnlyFans is in talks to sell to investors, Reuters reported, citing sources familiar with the situation. The platform could be valued at around $8 billion,
A group of investors led by Los Angeles-based investment firm Forest Road Company is involved in the talks. Members of the group are not named in the report. Sources say that discussions on the deal have been ongoing since March, and an agreement could be reached within one or two weeks. It is emphasized, however, that a final decision has not yet been made and negotiations may not lead to a deal.
The option of going public is also being considered, the agency said. Representatives for OnlyFans and Forest Road declined to comment.
OnlyFans, founded in 2016, is known as a platform that allows authors of erotic content to earn money from subscriptions. OnlyFans earned $6.6 billion in the fiscal year ending November 2023, according to U.K. regulators.
OnlyFans’ sole shareholder is Leonid Radvinsky, a Ukrainian-American. He acquired the company in 2018 and, according to UK filings, has paid himself at least $1bn in dividends over the past three years.
Reuters has previously published a series of stories about the platform being found to be hosting child pornography and content without users’ consent, as well as cases of women being exploited by traffickers. These findings, sources say, make OnlyFans an undesirable platform for major banks and investors because of the potential legal risks.
Forest Road Company is an investment firm specializing in media, renewable energy, and digital assets. In 2024, the company acquired a majority stake in ACF Investment Bank and invested in the Formula E team.
The story OnlyFans could be sold to investors for $8 billion – Reuters was first published on ITZine.ru.
