OnlyFans is reportedly in talks to promote a 60 % stake to a San Francisco funding agency

OnlyFans is seeking to money out as soon as once more, however this time in a deal that will worth it at a number of billion {dollars} lower than a possible sale that beforehand fell via. As reported by TechCrunch, the web platform recognized for subscription-based pornographic content material is in talks to promote a majority stake to Architect Capital, an funding agency based mostly in San Francisco.

Based on the report, the proposed deal consists of $3.5 billion in fairness and $2 billion in debt, which values OnlyFans at $5.5 billion. TechCrunch additionally reported that Architect Capital and OnlyFans are at the moment in unique talks, the place the web site’s proprietor cannot negotiate with different potential consumers for a sure period of time.

With no set timeline but for the deal, the deal is much from an official closing. Final 12 months, OnlyFans’ proprietor Leonid Radvinsky was additionally negotiating with one other funding agency, Forest Street Firm, to sell the platform. Though that deal by no means went via, the talks main as much as the sale valued OnlyFans at a a lot larger $8 billion. The London-based web site, which nonetheless would not need to be generally known as only a porn site, continues to be rising and reported a 9 % enhance in gross income for its 2024 fiscal 12 months, incomes greater than $7.2 billion.