Does the billionaire owner sell Onlyfans? They already negotiate
Onlyfans can soon change hands. According to Reuters, the adult platform parent company Fenix International, Ltd., is negotiating to sell the business to a US investor group for about $ 8 billion.
New York Post previously reported that Leonid Radvinskythat Onlyfans The billionaire owner would « buy himself » but have not found a buyer yet. Reuters has now identified at least one potential buyer, the Forest Road Company, an investment company based in Los Angeles, which is said to have an investor group that wants to buy the adult platform. On its website, Forest Road is characterized by « not an average investment company » and claims to « use complexity and creativity to create value where others see barriers. » The site also shows interest in « media and entertainment » and « digital devices ».
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Do you sell the company?
Not much is known about the negotiations yet. Reuters, referring to the sources of possible business, writes that Fenix is negotiating with other stakeholders. THE Gizmodo He contacted Onlyfans for more information.
Onlyfans was formed in 2016 and became known during the pandemic by helping to satisfy users’ libido while avoiding human relationships. Since then, the business has only grown further. Last year, the company reported that payments via the platform have soared 19 percent since 2023 and exceeded about $ 6.6 billion. Radvinsky bought the company in 2019, and Bloomberg reported last year that Mogul was earning $ 1 billion over three years through corporate dividends.
The company has significant criticisms and a number of legal complaints. Critics accuse the platform of visiting sex dealers and claims that the site has become a surface of children’s sexual harassment. The company has recently been sued by two clients who found outraged that it was possible that they were not making real models.