ONLYFANS SCALES BACK STAKE SALE IN FUNDING TALKS

The content creator platform is in advanced discussions with Architect Capital regarding the minority stake sale. The shift comes less than a month after Leonid Radvinsky, the UK-based company's owner, died. The reduced stake offering signals a change in OnlyFans' fundraising strategy. Earlier reports indicated the company was seeking a majority investor to value the platform at $5.5 billion, but those plans have now shifted toward a smaller capital injection at a lower valuation. OnlyFans, which has become a major platform for creators to monetize content directly, has grown significantly since its 2016 launch. The platform takes a 20% commission on creator earnings. The talks with Architect Capital represent a potential path forward for OnlyFans' ownership structure following Radvinsky's death. Financial details of any deal remain uncertain as negotiations continue.