OnlyFans, the London-based subscription platform known for adult content, is reportedly negotiating to sell a majority stake to Architect Capital, valuing the company at $5.5 billion. The deal includes $3.5 billion in equity and $2 billion in debt, following a previous failed sale attempt at a higher valuation. The platform reported a nine percent revenue increase last year.
OnlyFans is exploring another potential sale, this time at a reduced valuation compared to prior discussions. According to a TechCrunch report, the platform is in exclusive talks with Architect Capital, an investment firm based in San Francisco, to sell a 60 percent stake. The proposed transaction values OnlyFans at $5.5 billion, comprising $3.5 billion in equity and $2 billion in debt.
These negotiations come after a deal last year with Forest Road Company fell through. That earlier attempt had valued the company at $8 billion. Owner Leonid Radvinsky had been in talks with the firm, but the sale did not materialize.
The exclusive agreement means OnlyFans cannot negotiate with other buyers for a specified period. However, no timeline has been set for closing the deal, and it remains far from finalized.
Despite its reputation for hosting subscription-based pornographic content, OnlyFans seeks to broaden its image. The platform, founded in London, continues to grow. For its 2024 fiscal year, it reported gross revenue exceeding $7.2 billion, up nine percent from the previous year.
