Buyer wanted
ONLYFANS is apparently to be sold for eight billion dollars
The ONLYFANS platform used for erotic content has massively increased its profit within a few years. Now it should be sold. There are enough potential interested parties.
According to several insiders, the owner of the ONLYFANS, primarily used for erotic content, is apparently talking about the sale of the company to an investor group for around eight billion dollars. As three people confidantoed with the matter told the Reuters news agency, the investor group is led by Forest Road Company, an investment company based in Los Angeles. Talks would also be held with other potential buyers.
ONLYFANS and Forest Road rejected a statement.
ONLYFANS founder wants to buy Tiktok
The company based in London has attracted several interested parties in recent months. In 2023, only $ 6.6 billion. This emerges from the documents submitted by the British supervisory authorities. In 2020 alone, the company recorded an increase of $ 375 million, and this quick growth apparently aroused investors’ interest. An IPO is also considered, according to three of the insiders.
Most recently, the founder, the website known for porn, Tim Stokley, had expressed his interest in the American business of the Tikial-Media platform TIKTOK. According to his own statements, he wants to give a bid together with a cryptocurrency network of the US government.
Because of a possible threat to national security, the US Congress had passed a law with a large majority that obliged the Chinese Tikok mother group bytedance to sell its US business by January 19, 2025. Otherwise, the platform will be blocked nationwide. Trump initially extended this deadline until April 5. It is unclear whether the Chinese government will have a sale of TikTok.
Reuters
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Source: Stern
