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Tag: Architect Capital

  • OnlyFans is reportedly in talks to sell a 60 percent stake to a San Francisco investment firm

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    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. Last year, OnlyFans’ owner Leonid Radvinsky was also negotiating with another investment firm, Forest Road Company, to sell the platform. Although that deal never went through, the talks 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 reported a nine percent increase in gross revenue for its 2024 fiscal year, earning more than $7.2 billion.

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    Jackson Chen

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  • OnlyFans considering selling majority stake to Architect Capital | TechCrunch

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    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.

    This isn’t the first time in recent memory that OnlyFans has been in talks to sell off its business. Last year, the New York Post reported that Leonid Radvinsky, the billionaire owner of the site, was looking to “cash out,” and was courting potential buyers. Subsequent reporting showed that the platform’s parent company, Fenix International Ltd., was in talks with a U.S.-based investor group led by the Los Angeles-based investment firm Forest Road Company. It’s unclear what happened to those discussions, although the source told TechCrunch that there had been a number of interested parties since OnlyFans announced its desire to sell a majority stake.

    The potential business partner in this particular deal, Architect, launched in 2021 as an asset-based lender — a firm that provides loans secured by company assets — that looks to partner with early-stage startups.

    OnlyFans maintains that it’s not a pornography website, despite the fact that a majority of the creators on it produce adult content. A British firm, the site was founded in 2016 by Tim Stokely, who also initially served as its CEO. Stokely sold a majority stake of the site’s parent company, Fenix International, to Radvinsky in 2018. Over the years, it has suffered from a variety of legal controversies, including lawsuits accusing the site of profiting off of abusive videos.

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    Lucas Ropek

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