Summary
OnlyFans, a UK-based adult video platform, is in talks to sell less than 20% of its business to a US investment firm, valuing the company at over $3 billion. The sale aims to provide stability after the death of its founder, Leonid Radvinsky, and may help OnlyFans offer banking services to its content creators.
Key Facts
- OnlyFans is a London-based adult content platform known for subscription-based videos.
- The company is negotiating with Architect Capital, a San Francisco investment firm, to sell a minority stake of less than 20%.
- This deal would value OnlyFans at more than $3 billion (£2.2 billion).
- Founder Leonid Radvinsky, a Ukrainian-American billionaire, died of cancer at age 43 last month.
- OnlyFans wants to partner with Architect Capital partly because of their financial services experience, to help creators access banking products.
- The platform has 4.6 million creator accounts and 377 million fan accounts.
- In the year ending November 30, 2024, OnlyFans made $1.4 billion in revenue and $684 million in pre-tax profit.
- Payments to creators totaled $7.2 billion, up nearly 10% from the previous year.
- Radvinsky received $701 million in dividends in 2024, adding to over $1 billion received before.
- Earlier talks considered selling a majority stake, but a minority sale would keep control with Radvinsky’s family trust.
