The OnlyFans platform is analyzing an agreement to sell a minority stake, which could see streaming reach a valuation of more than US$3 billion in the market.
The sale negotiation takes place a month after the death of its owner, Leonid Radvinsky, who passed away from cancer at the age of 43. According to the Financial Timesthe percentage stake traded is for Architect Capital, a San Francisco-based fund, which is trying to buy a slice of less than 20% of the total shares.
If completed, the deal will allow OnlyFans to continue to have its decisions made by the family trust fund that holds Radvinsky’s shares, led by his widow, Katie.
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The expectation is that the agreement will provide greater stability for the platform, which currently hosts the vast majority of adult content.
The Architect fund entered into negotiations with OnlyFans at the end of last year, according to a report published by Wall Street Journal, taking the lead from other investors interested in grabbing a share of the platform.
