Adult video platform to sell minority stake to increase stability after death of its founder Leonid Radvinsky
OnlyFans, the UK adult video platform, is in talks to sell a minority stake to a US investor that will value the business at more than $3bn (£2.2bn).
The London-based company is in advanced talks to sell a stake of less than 20% to the San Francisco-based investment firm Architect Capital, according to the Financial Times. Sources familiar with the process confirmed the talks to the Guardian.
Continue reading...
TH
Source
This article was originally published by The Guardian and written by Dan Milmo Global technology editor.
Read original article on The Guardian