Onlyfans, how much is the platform of adult content platform? 8 billion. Forest Road Company’s interest

Onlyfansthe platform of explicit content could be sold for a value of 8 billion dollars. To report the news is Reuters citing anonymous sources close to the parent company, Fenix ​​International LTD, according to which negotiations are underway already in March with Forest Road CompanyCalifornian investment company. The agreement could be reached within the next two weeks, despite the fact that between the options – in parallel – there seems to be an initial public offer (IPO). An idea, the latter, which would attract the interest of other potential buyers.

What is Onlyfans

Onlyfans is a web platform owned by the Fenix ​​International company, which is based in London and belongs to the Ukrainian billionaire Leonid Radvinsky. His success has increased particularly during the Lockdown due to the Pandemia from Covid and is linked to content aimed at adults only, generally prohibited on other social networks. For some years, however, onlyfans has started to expand the less explicit part of content and since 2018 hosts comedians, chefs, personal trainers and other types of creators. The tax year that ended in November 2023, Fenix ​​International reached around 485.5 million dollars of profits, with an increase of 20%.

Who is the possible buyer

The potential buyer, Forest Road Company, is based in Los Angeles and deals with investments. Since 2022 he actively collaborated with Onlyfans, since some of his managers took part in a Spac (Special Purpose Acquisition Company) involved in Negotiations to bring the platform to a quotation on the share marketnever happened so far. Already present in sectors such as media and renewable energy, last year he strengthened his presence in the financial one with the acquisition of the majority share of ACF Investment Bank.