According to Techcrunch, the social networking platform OnlyFans is considering selling most of its shares to the investment company Architect Capital for 5.5 billion USD. Of which, about 3.5 billion USD is equity and 2 billion USD is debt. If the agreement is completed, Architect Capital may hold about 60% of the shares.
The two sides are currently entering the exclusive negotiation phase, so OnlyFans are temporarily not allowed to exchange with other buyers. The completion date of the deal has not been announced. Previously, The Wall Street Journal reported on negotiations related to the sale of shares of this platform.
This is not the first time OnlyFans has been looking for a transfer partner. Last year, the New York Post reported that OnlyFans owner - Leonid Radvinsky wanted to find a potential buyer. Some subsequent reports mentioned that the parent company Fenix International Ltd. had negotiated with a group of investors in the US, but the results were not disclosed.
OnlyFans was founded in the UK in 2016, this platform claims it is not a pornographic website, although most of the content created by users is aimed at adults. During its operation, the company has repeatedly been involved in legal disputes related to the posted content.
