OnlyFans in talks on the market price $8 billion, IPO thought of amid shift in the direction of mainstream content material | Company Business News

A Los Angeles-based funding agency plans to purchase OnlyFans Ltd. in a deal price $8 billion, Reuters reported. An preliminary public providing can also be being thought of.

OnlyFans, an internet content material subscription service that rose to recognition throughout lockdowns imposed resulting from COVID-19, is in talks relating to a potential sale since March with Forest Road Company. However, the small print of the transaction aren’t identified but, the report stated, citing folks conscious of the event. The firm could also be in dialogue with different suitors as effectively.

The London-based OnlyFans, popularly identified for internet hosting pornographic and grownup content material banned on nearly all of social media platforms, has been attempting to maneuver away from hardcore content material in the direction of less-explicit materials.

The firm, which was purchased by Ukrainian-born billionaire Leonid Radvinsky in 2018, is now constantly attempting to develop a set of comedians, cooks, private trainers, and different creators to develop its consumer base. Radvinsky has acquired no less than $1 billion in dividends over the previous three years.

It was alleged that the corporate engaged in youngster sexual abuse materials and nonconsensual pornography that was proven on the platform since 2019, the report stated, citing documented complaints with US police and courtroom data. It was additional alleged that the platform was utilized by intercourse traffickers to abuse and exploit women.

The firm posted a internet revenue of $485.5 million, a 20% development for the 12 months ended on November 30, 2023, Bloomberg reported, citing proprietor Fenix International in a September report.

The funding agency Forest Road was based in 2017 with an emphasis on media and digital content material in addition to vitality and life sciences. In 2024, the agency acquired a Formula E racing crew, and bought a boutique funding financial institution.

In 2022, a few of the executives of Forest Road joined a particular objective acquisition firm aiming to take OnlyFans public in 2022, Reuters reported, citing folks conscious of the event and filings with the US Securities and Exchange Commission.