The owner of the OnlyFans platform, Fenix International Ltd, is in talks about a possible sale of the business to a group of investors for a valuation of around $8 billion. About this informs Reuters.
The agreement can be concluded within one or two weeks. It is about a group of investors led by the investment company Forest Road Company from Los Angeles. Discussions have been going on since at least March. Fenix International Ltd is also in talks with other potential buyers. The possibility of holding an initial public offering of shares (IPO) is considered among the options for the development of events.
According to documents filed with the U.S. Securities and Exchange Commission, some Forest Road Company representatives have already been involved in negotiations to list OnlyFans as early as 2022 — through a specialized mergers and acquisitions firm.
The sole shareholder of OnlyFans is Leonid Radvinsky, an American entrepreneur of Ukrainian origin. It acquired the platform founded by Tim and Guy Stockley in 2016 in 2018. Over the past three years, Radvinsky received at least $1 billion in dividends.
OnlyFans gained widespread popularity during the COVID-19 pandemic. The platform allows authors to create adult content and earn from subscriptions, while the company itself receives 20% of the creators’ profits. According to financial reports filed with British regulators, OnlyFans reported revenue of $6.6 billion for the year ending November 2023, up from $375 million in 2020. Such growth caused significant interest among investors.
The owner of the OnlyFans platform, Fenix International Ltd, is in talks about a possible sale of the business to a group of investors for a valuation of around $8 billion. About this informs Reuters.
The agreement can be concluded within one or two weeks. It is about a group of investors led by the investment company Forest Road Company from Los Angeles. Discussions have been going on since at least March. Fenix International Ltd is also in talks with other potential buyers. The possibility of holding an initial public offering of shares (IPO) is considered among the options for the development of events.
According to documents filed with the U.S. Securities and Exchange Commission, some Forest Road Company representatives have already been involved in negotiations to list OnlyFans as early as 2022 — through a specialized mergers and acquisitions firm.
The sole shareholder of OnlyFans is Leonid Radvinsky, an American entrepreneur of Ukrainian origin. It acquired the platform founded by Tim and Guy Stockley in 2016 in 2018. Over the past three years, Radvinsky received at least $1 billion in dividends.
OnlyFans gained widespread popularity during the COVID-19 pandemic. The platform allows authors to create adult content and earn from subscriptions, while the company itself receives 20% of the creators’ profits. According to financial reports filed with British regulators, OnlyFans reported revenue of $6.6 billion for the year ending November 2023, up from $375 million in 2020. Such growth caused significant interest among investors.
