The subscription platform OnlyFans appears poised for another potential divestiture, though at a significantly reduced valuation compared to a prior arrangement that collapsed. According to TechCrunch, the service, renowned for its paywalled adult material, is negotiating the transfer of a controlling interest to Architect Capital, a venture entity headquartered in San Francisco.
The outlined transaction encompasses $3.5 billion of equity alongside $2 billion of debt, establishing an overall company appraisal of $5.5 billion. Sources indicate that Architect Capital and OnlyFans remain in sole discussions, barring the platform's proprietor from engaging other prospective acquirers during this exclusive period.
Although no fixed schedule exists for finalizing the agreement, it remains distant from completion. In the previous year, proprietor Leonid Radvinsky pursued a transaction with Forest Road Company that would have appraised OnlyFans at $8 billion, yet those negotiations ultimately dissolved. The UK-headquartered platform, which resists being pigeonholed solely as an adult content venue, continues to expand, posting a 9% rise in gross payments for fiscal 2024, surpassing $7.2 billion.