OnlyFans is once again looking to cash out, but this time in a deal that would be valued several billion dollars less than the potential sale that was previously mooted. As reported techcrunch, The online platform known for subscription-based porn 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 It was also reported that Architect Capital and OnlyFans are currently in exclusive negotiations, where the website owner cannot negotiate with other potential buyers for a certain period of time.
With no set deadline yet for the deal, the deal is far from official closing. Last year, OnlyFans owner Leonid Radvinsky was also in talks with another investment firm, Forest Road Company, to sell the platform. Although that deal never went through, 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 just a porn site, is still growing and has reported a nine percent increase in gross revenue for its 2024 fiscal year, to more than $7.2 billion.
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