OnlyFans Owner In Talks To Sell Company For $8 Billion

Benzinga

OnlyFans owner Fenix International Ltd is in advanced talks to sell the content subscription platform in a deal valuing the company at $8 billion, according to Reuters. The leading bidder is a group led by Los Angeles-based Forest Road Company, which has focused on media, renewable energy, and digital assets through recent acquisitions, including ACF Investment Bank. Talks began in March and could wrap in two weeks, though no final agreement is guaranteed. OnlyFans has surged from $375 million in revenue in 2020 to $6.6 billion by 2023, operating on a 20% commission model. Owner Leonid Radvinsky has drawn over $1 billion in dividends since 2021.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02OnlyFans owner Phoenix International is in advanced talks to sell the content subscription

00:06platform in a deal value to the company at $8 billion, according to Reuters.

00:11Leading bidder is a group led by a Los Angeles-based Forest Road company, which is focused on media,

00:16renewable energy, and digital assets through recent acquisitions, including ACF Investment

00:20Bank. Talks began in March and could wrap up in two weeks, though no final agreement is

00:25guaranteed. OnlyFans has surged from $375 million in revenue in 2020 to $6.6 billion by 2023.

00:32Operating on a 20% commission model, owner Leonhard Radvinsky drawn over $1 billion in dividends

00:37since 2021.

00:39For all things money, visit Benzinga.com slash GSTV.

Category

Transcript

Comments

Recommended