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OnlyFans Discussing Sale to Investor Group for $8 Billion USD
SummaryOnlyFans owner Leonid Radvinsky is reportedly in talks to sell the platform for $8 billion USDThe content creator site saw $6.63 billion USD in revenue and 4.12 million creators in 2023Previous attempts to find a buyer reportedly faced challenges due to its contentOnlyFans owner Leonid Radvinsky is currently in talks to sell his content creator site for a valuation of about $8 billion USD.Variety reports that Radvinsky is discussing OnlyFans' sale to an investor group led by Forest Road Co.. The LA-based firm's executives were previously included in a special purpose acquisition company that were negotiating an OnlyFans IPO in 2022. A source stated that an IPO is not on the table as of writing.No additional details have been confirmed so far, however Variety adds that the talks are neither exclusive nor bound by a deadline.Earlier reports from the New York Post claimed that Radvinsky was having issues finding a buyer due to its content. He was also supposedly looking to sell the site for somewhere between $1.46 billion USD to $2.42 billion USD.Variety further reports that OnlyFans grossed a whopping $6.63 billion USD in revenue by the end of its 2023 fiscal year. Its creators earned $5.32 billion USD. The site logged 4.12 million creators and over 300 million registered users during the same timeframe.OnlyFans was initially launched in 2016 by Tim Stokely. Radvinsky acquired a 75% stake in the site's parent company Fenix International Ltd. two years later.Click here to view full gallery at Hypebeast
Summary
- OnlyFans owner Leonid Radvinsky is reportedly in talks to sell the platform for $8 billion USD
- The content creator site saw $6.63 billion USD in revenue and 4.12 million creators in 2023
- Previous attempts to find a buyer reportedly faced challenges due to its content
OnlyFans owner Leonid Radvinsky is currently in talks to sell his content creator site for a valuation of about $8 billion USD.
Variety reports that Radvinsky is discussing OnlyFans' sale to an investor group led by Forest Road Co.. The LA-based firm's executives were previously included in a special purpose acquisition company that were negotiating an OnlyFans IPO in 2022. A source stated that an IPO is not on the table as of writing.
No additional details have been confirmed so far, however Variety adds that the talks are neither exclusive nor bound by a deadline.
Earlier reports from the New York Post claimed that Radvinsky was having issues finding a buyer due to its content. He was also supposedly looking to sell the site for somewhere between $1.46 billion USD to $2.42 billion USD.
Variety further reports that OnlyFans grossed a whopping $6.63 billion USD in revenue by the end of its 2023 fiscal year. Its creators earned $5.32 billion USD. The site logged 4.12 million creators and over 300 million registered users during the same timeframe.
OnlyFans was initially launched in 2016 by Tim Stokely. Radvinsky acquired a 75% stake in the site's parent company Fenix International Ltd. two years later.
Click here to view full gallery at Hypebeast
