"OnlyFans is looking to cash out once again, but this time in a deal that would value it at several billion dollars less than a potential sale that previously fell through. As reported by TechCrunch, the online platform known for subscription-based pornographic content is in talks to sell a majority stake to Architect Capital, an investment firm based in San Francisco."
"According to the report, the proposed deal includes $3.5 billion in equity and $2 billion in debt, which values OnlyFans at $5.5 billion. TechCrunch also reported that Architect Capital and OnlyFans are currently in exclusive talks, where the website's owner can't negotiate with other potential buyers for a certain amount of time. With no set timeline yet for the deal, the deal is far from an official closing."
OnlyFans is in talks to sell a majority stake to Architect Capital, a San Francisco investment firm. The proposed transaction would include $3.5 billion in equity and $2 billion in debt, valuing the platform at $5.5 billion. The talks are exclusive, preventing the website's owner from negotiating with other potential buyers during the exclusivity period. There is no set timeline and the transaction has not closed. Prior negotiations with Forest Road Company last year never completed and had valued OnlyFans at about $8 billion. The London-based site reported a nine percent increase in gross revenue for fiscal 2024, earning more than $7.2 billion.
Read at Engadget
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