OnlyFans' rumored acquisition value drops to staggering $8 billion, according to recent reports. - Social media platform OnlyFans reportedly set to be sold for around $8 billion.
OnlyFans, the adult-content-focused platform, is reportedly in discussions to sell for approximately $8 billion to an investor group led by Forest Road Company, a Los Angeles-based firm known for its diverse investment portfolio.
According to sources close to the matter, negotiations are ongoing with other potential buyers as well. However, the sale process has been complex due to the platform's controversial nature. OnlyFans and Forest Road Company declined to comment.
The interest in OnlyFans has surged in recent months. In 2023, the company reportedly generated $6.6 billion, as per documents filed with UK regulatory bodies. The platform saw a growth of $375 million in 2020 alone, fueling the interest of investors. A potential Initial Public Offering (IPO) is also under consideration, sources revealed.
Founder Tim Stokley has shown interest in the American business of social media giant TikTok. He plans to submit a bid in partnership with a US government-backed cryptocurrency network. The US Congress has passed a law requiring Chinese TikTok parent company ByteDance to sell its US business by January 19, 2025, or face a nationwide ban. The sale's approval from the Chinese government remains uncertain.
I'm not sure if the sale of OnlyFans to Forest Road Company will be successful due to the platform's controversial nature. Despite this, the interest in OnlyFans for investment in terms of finance, business, and technology has significantly grown, with a potential Initial Public Offering (IPO) under consideration.
