OnlyFans considering selling majority stake to Architect Capital

OnlyFans — the monolithic big creator web wherever performers and influencers merchantability subscription-based contented straight to fans — is considering selling a bulk involvement of its concern to concern steadfast Architect Capital, a root adjacent to the woody told TechCrunch. The woody would worth the level astatine $5.5 billion.

The root said that of that $5.5 billion, $3.5 cardinal would beryllium equity and $2 cardinal would beryllium debt. Under those terms, Architect would presume a 60% involvement successful the business. The 2 parties are successful exclusivity, meaning that OnlyFans is barred from negotiating with different imaginable buyers for a acceptable play of time. It’s unclear what the timeline for completing the woody mightiness be. The negotiations were previously reported by the Wall Street Journal.

TechCrunch reached retired to Architect Capital for comment.

This isn’t the archetypal clip successful caller representation that OnlyFans has been successful talks to merchantability disconnected its business. Last year, the New York Post reported that Leonid Radvinsky, the billionaire proprietor of the site, was looking to “cash out,” and was courting imaginable buyers. Subsequent reporting showed that the platform’s genitor company, Fenix International Ltd., was successful talks with a U.S.-based capitalist radical led by the Los Angeles-based concern steadfast Forest Road Company. It’s unclear what happened to those discussions, though the root told TechCrunch that determination had been a fig of funny parties since OnlyFans announced its tendency to merchantability a bulk stake.

The imaginable concern spouse successful this peculiar deal, Architect, launched successful 2021 arsenic an asset-based lender — a steadfast that provides loans secured by institution assets — that looks to spouse with early signifier startups.

OnlyFans maintains that it’s not a pornography website, contempt the information that a bulk of the creators connected it nutrient big content. A British firm, the tract was founded successful 2016 by Tim Stokely, who besides initially served arsenic its CEO. Stokely sold a bulk stake of the site’s genitor company, Fenix International, to Radvinsky successful 2018. Over the years, it has suffered from a assortment of legal controversies, including lawsuits accusing the tract of profiting disconnected of abusive videos.