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4d ago

OnlyFans in Exclusive $8 Billion Sale Talks with Investor Group

The adult content platform is negotiating with Forest Road-led investors while also weighing a potential IPO to address its financial and reputational challenges.

A view of the office that serves as the registered address of Fenix International, OnlyFansÕ British parent company, in London, Britain, December 10, 2024. REUTERS/Mina Kim/File Photo
Illustration: Omar Marques/SOPA Images/LightRocket (Getty Images)
OnlyFans is reportedly in talks for sale at $8 Billion valuation
Leonid Radvinsky bought OnlyFans in 2019, but is now looking to sell the platform even after it raised his net worth to $3.8 billion

Overview

  • OnlyFans, owned by billionaire Leonid Radvinsky, is in exclusive discussions to sell the platform to a Forest Road-led investor group at a valuation of $8 billion.
  • The company, which generated $6.6 billion in revenue in the fiscal year ending November 2023, has struggled to attract buyers due to its adult content-focused business model.
  • Radvinsky, who acquired OnlyFans in 2019, has reportedly paid himself over $1 billion in dividends over the past three years, as per British financial filings.
  • In addition to the potential sale, OnlyFans is also considering an initial public offering as an alternative exit strategy for its owner.
  • The platform, reliant on Section 230 protections, faces scrutiny over allegations of illegal content and reputational risks tied to its adult content operations.