Only fans is looking to cash in once again, but this time in a deal that would value it several billion dollars less than a potential sale that previously fell through. As reported TechCrunch, the online platform known for its subscription-based pornographic content is in talks to sell a majority stake to Architect Capital, a San Francisco-based investment firm.
According to the report, the proposed deal includes $3.5 billion in equity and $2 billion in debt, valuing OnlyFans at $5.5 billion. TechCrunch also reported that Architect Capital and OnlyFans are currently in exclusive talks, during which the website owner cannot negotiate with other potential buyers for a certain period of time.
With no timetable set yet, the deal is far from being officially finalized. Last year, OnlyFans owner Leonid Radvinsky was also negotiating with another investment company, Forest Road Company, to sell the platform. Although that deal never came to fruition, the negotiations leading up to the sale valued OnlyFans at a much higher $8 billion. The London-based website, which still doesn’t want to be known as a simple porn sitecontinues to grow and recorded a 9% increase in gross revenue for its 2024 financial year, gaining more than $7.2 billion.
