London-based OnlyFans, known for its saucy content and celebrities, is reportedly negotiating a major sale of 60% ownership in a deal that would value it at roughly $3.5 billion, or $5.5 billion when factoring in its existing debt.

The Acquisition Details

Architect Capital, a California-based private investment firm, is in exclusive discussions to acquire the majority share of OnlyFans, according to the Wall Street Journal, citing sources familiar with the matter. 

Architect Capital is based in San Francisco and specializes in restructuring businesses with complex infrastructure needs. 

The primary goal would involve creating reliable payment systems for under-banked creators who are often rejected by traditional banks due to the high risk nature of adult-themed content.

Ownership and Evolution

Leo Radvinsky, the billionaire who purchased a majority stake from OnlyFans founders Tim and Guy Stokley in 2018, has attempted to fundamentally change the site’s brand from a repository for X-rated clips into a social media environment centered on personal connection. 

Financial records indicate that Radvinsky has pocketed nearly $1 billion in dividends over the two-year period ending in late 2024, according to the report. 

Financial Outlook

Despite its reputation, the OnlyFans platform remains highly lucrative, generating nearly $1.6 billion in annual net revenue. 

Architect Capital believes the company is on a trajectory to launch a public stock offering by 2028. 

However, the deal remains speculative, and the parties involved cautioned that negotiations could still fall through without a signed contract.

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