OnlyFans in talks to sell stake in deal that values

OnlyFans in talks to sell stake in deal that values

OnlyFans is reportedly in talks to sell a minority stake in a deal that values the porn empire at roughly $3 billion – a reduction to the $3.5 billion valuation the company had sought before its reclusive proprietor died last month.  

San Francisco-based Architect Capital would purchase less than 20% of the enterprise in a deal closing as soon as next month, the report said. That’s far less than the 60% stake Architect had mentioned buying earlier this 12 months — and the key cause for the low cost, according to the Financial Times report.

The sale talks are coming to a head after OnlyFans proprietor Leonid Radvinsky died last month at 43 following a secret battle with cancer. Radvinsky’s widow Katie has been overseeing the sale talks and controls the belief which holds her late husband’s shares. 

The sale talks observe the dying last month of OnlyFans proprietor Leonid Radvinsky at 43 years previous. Leonid Radvinsky/Facebook

As solely reported by The Post, OnlyFans tapped Moelis & Co., the funding financial institution based by Wall Street legend Ken Moelis — to assist it discover a purchaser after at the very least one other financial institution shied away from representing OnlyFans.

The Post reported last month that Architect has been struggling to discover backers for its bid to purchase OnlyFans, with mainstream funds and establishments involved about reputational threat and regulatory scrutiny.

OnlyFans takes a 20% minimize from its roughly 4.6 million creators, per the filings and the website shouldn’t be on App shops so no income is shared with Apple or Google.

Despite being a cash minting machine, OnlyFans has confronted authorized issues for years. 

Architect — whose investments embrace e-cigarette maker Juul Labs — goals to fund the proposed transaction by pooling capital from exterior buyers by means of a particular function automobile. OnlyFans is operated by UK-based Fenix International Ltd.

As a part of the deal, Architect would work with OnlyFans to develop new monetary providers and merchandise to supply the platform’s creators, according to the FT report. Last month, insiders told The Post that OnlyFans had been contemplating shopping for or partnering with a monetary technology company to assist tackle its long-running banking woes. 

OnlyFans tapped Moelis & Co., the funding financial institution based by Wall Street legend Ken Moelis, earlier this 12 months. Bloomberg by way of Getty Images

Last 12 months, Visa started imposing stricter chargeback and fraud requirements that slammed OnlyFans. X-rated websites also face increased transaction charges – often 5% to 10% versus 2% to 3% for conventional e-commerce, according to a report this 12 months by funds processor Myntpay.

OnlyFans, Architect and Moelis didn’t reply to requests for remark.  

Founded in 2016, Radvinsky purchased a majority stake in the platform in 2018 and turned it right into a monetary juggernaut by permitting creators to cost immediately for his or her content. 

OnlyFans earned $666 million in working revenue on $1.4 billion in income in the 12 months ended Nov. 30 2024, according to UK company filings. The company logged $449 million of sales prices and $197 million of administrative bills. OnlyFans had only 46 workers, the filings present. About 64% of its income is generated in the US. 

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