Fenix International Ltd, which owns the Onlyfans platform, is active in negotiations on its sale to an investment group headed by Forest Road Company from the United States. The potential value of the transaction can reach $ 8 billion, which is equivalent to over UAH 320 billion at the current rate. About it reports Reuters with reference to its own sources.
The negotiations began in March 2025, and, according to informants, the final decision could be made in the coming weeks. Along with the sale, the company's exit to the exchange by initial public placement of shares (IPO) is also considered. This can be an alternative to a fusion through a special investment company (SPAC), which Forest Road has already been offered in 2022.
Onlyfans platform demonstrates rapid financial growth. In the 2023 financial year, which ended in November, the company revenues reached $ 6.6 billion-compared to $ 375 million in 2020. The platform model provides for the maintenance of 20% of the content creators of the content creators, which provides significant profits.
The sole owner of Fenix International is the American businessman of Ukrainian origin Leonid Radvinsky. He purchased Onlyfans in 2018 and, according to Reuters, has received over $ 1 billion dividends in the last three years.
Despite commercial success, the company faces constant criticism due to the presence of problematic content on the platform. It is, in particular, cases of placement of materials related to sexual abuse against children and trafficking in human beings. Such issues create significant reputational risks to potential investors and complicate access to financial services by major banks.
Market participants are of interest to develop the situation, since the fate of the agreement can be a significant event for the technological and media peristist in 2025.
