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OnlyFans in Exclusive Talks to Sell 60% Stake to Architect Capital at $5.5 Billion Valuation

The proposed structure combines $3.5 billion in equity with $2 billion in debt to transfer control from sole owner Leonid Radvinsky.

Overview

  • OnlyFans and Architect Capital are negotiating under exclusivity, and the timeline for any closing remains unclear.
  • Under the terms discussed, Architect would take majority ownership with roughly a 60 percent stake.
  • The platform generates nearly $1.6 billion in annual net revenue while taking a 20 percent commission on creators’ earnings.
  • A presentation to Architect’s investors outlines plans to build payment infrastructure for under-banked creators and a potential IPO target in 2028.
  • Earlier talks reportedly explored valuations near $8 billion with other investors such as Forest Road, signaling a lower mark in the current negotiations.