"OnlyFans - the massive adult creator network where performers and influencers sell subscription-based content directly to fans - is considering selling a majority stake of its business to investment firm Architect Capital, a source close to the deal told TechCrunch. The deal would value the platform at $5.5 billion. The source said that of that $5.5 billion, $3.5 billion would be equity and $2 billion would be debt."
"Under those terms, Architect would assume a 60% stake in the business. The two parties are in exclusivity, meaning that OnlyFans is barred from negotiating with other potential buyers for a set period of time. It's unclear what the timeline for completing the deal might be. The negotiations were previously reported by the Wall Street Journal. TechCrunch reached out to Architect Capital for comment."
OnlyFans is reportedly in exclusivity negotiations to sell a majority stake to investment firm Architect Capital for a $5.5 billion valuation. The proposed transaction would include $3.5 billion in equity and $2 billion in debt, with Architect assuming a 60% ownership stake. The exclusivity bars OnlyFans from negotiating with other buyers during the set period, and the timeline for closing remains unclear. Architect launched in 2021 as an asset-based lender that partners with early-stage startups. OnlyFans previously pursued other potential buyers and maintains that it is not a pornography website despite a majority of creators producing adult content.
Read at TechCrunch
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