OnlyFans, the UK adult video platform, is in talks to sell a minority stake to a US investor that will value the business at more than $3bn (£2.2bn).
The London-based company is in advanced talks to sell a stake of less than 20% to the San Francisco-based investment firm Architect Capital, according to the Financial Times. Sources familiar with the process confirmed the talks to the Guardian.
OnlyFans has decided that offloading a minority stake is the best guarantee of stability for a business dealing with the death of its owner, Leonid Radvinsky. Radvinsky, a Ukrainian-American billionaire, died of cancer last month at the age of 43.
It is understood that OnlyFans is interested in a deal with Architect because the firm has expertise in the financial services sector, reflecting the UK company’s interest in offering banking products to its creators, who have struggled to access such services owing to the nature of their work.
TIL OF is from the UK
Its like, our only real business success of the 2020s
Surely private equity will enhance the value of the platform. You will never regret being owned by American venture capitalists.
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Just what it needs, more enshitification. As if I don’t get enough spam because of only fans already…
This kills the onlyfans
