OnlyFans owner Fenix International Ltd is in advanced talks to sell the content subscription platform in a deal valuing the company at $8 billion, according to Reuters. The leading bidder is a group led by Los Angeles-based Forest Road Company, which has focused on media, renewable energy, and digital assets through recent acquisitions, including ACF Investment Bank. Talks began in March and could wrap in two weeks, though no final agreement is guaranteed. OnlyFans has surged from $375 million in revenue in 2020 to $6.6 billion by 2023, operating on a 20% commission model. Owner Leonid Radvinsky has drawn over $1 billion in dividends since 2021.
