The Reclúsa billionaire, which only incorporated into one of the most lucrative and controversial Internet subscription platforms, is in talks with a buyer to sell his company for $ 8 billion, despite worrying about the pornographic content on the site.
Leo Radvinsky, the only owner of the London Matrix Company, Fenix International, recently participated in conversations with a group of investors led by Forest Road Company, an investment firm based in Los Angeles, on a possible sale.
But the state of these conversations is unclear and it seems that Radvinsky has committed another unnamed entity that is considered a more promising bidder, according to the Wall Street Journal.
Last month, the post reported that Radvinsky put for sale only for sale, but struggled to find a buyer due to his Risqué business model.
The news that Radvinsky only purchases, was only revealed to be revealed to raise about $ 1.3 billion in dividends between 2019 and early 2024, according to British corporate archives.
However, the tycoon’s ambition seems far from fulfilling. People who knew the subject told the magazine that Radvinsky recently dedicated to banks and suitors, and exceeded only one sale of up to $ 8 billion.
The publication has sought comments from Radvinsky, only Fans and Forest Road Company.
Although only fans become a cultural ray and a financial juggler, thanks to a large extent to its explicit content and its model led by creators, its owner is still almost completely invisible.
At the age of 43, Radvinsky has never given a public interview, rarely appears in industry events and has left only a unique image online. Even those who have worked with him are required by strict agreements of non -dissemination.
His official website modestly describes him as a company builder, an angel investor and an aspiring helicopter pilot.
It is not mentioned only fans, despite the fact that the site is the main source of its estimated fortune of $ 4 billion.
A sale of only a $ 8 billion rate of cementary school even more Radvinsky’s site among the richest and most private technology entrepreneurs in the world, and will probably overcome their philanthropic ambitions, according to the newspaper.
Each morning, the NY Postcast offers a deep immersion in headlines with the combination of policies, businesses, pop culture, true crime and everything in the middle. Subscribe -here!
Radvinsky and his wife, Katie Chudnovsky, have publicly supported the causes of cancer research to open source software. In a 2024 gala for a Gastrointestinal Research Foundation chaired by Chudnovsky, she accredited her husband’s generosity to allow a $ 23 million grant program.
“Leo is here tonight showing that science and miracles go hand in hand,” he said.
The video of the gala was quietly removed from YouTube after the newspaper asked.
Born in the Soviet Union, Radvinsky emigrated to the United States as a child and was raised outside Chicago. Glenbrook South High School’s classmates remind him of whip-smart and a little rebel: opting for leather jackets instead of day wear.
Even then, he led online business, some with a very adult advantage.
Incorporation records show that her mother signed the formalities for her first company, Cytania, in 1999, when she was still a teenager. Its first companies were websites that say pirate passwords to porn sites.
Later, I would record hundreds of domain names: many of them classified in X or referring to celebrities in the early 2000’s.
In 2004, he launched MyfreeCams, one of the first players in the live campaign space, where users paid performers for private shows. His eye for scale adult technology models would take him to fans only.
Radvinsky bought 100% of the British startup in 2018 for a non -disseminated sum, according to the magazine. At that time, only fans were little more than a niche place for adult content subscriptions.
Under Radvinsky, it became a global feeling, especially during the Covid-19 pandemic, when he added 300,000 users a day.
The business model was simple: the creators maintain 80% of their subscriber revenue, while only fans take the rest.
“It is obviously in a clear strategic view of how trade flows around these places work,” said Maggie Macdonald, a doctoral researcher at the University of Toronto, studying online adult platforms, in The Journal.
“He has outsourced the entire marketing labor on the ground floor.”
Despite its adult content roots, Fans has only tried to receive as a main content platform. CEO Keily Blair, a former privacy lawyer, emphasized the diversity of the site: highlighting comedy, sports and music with the most explicit rates.
The price, though high, could be a bargain. Only fans is immensely profitable, which many rapidly growing technology companies cannot claim. But what makes it so lucrative could also be the one that maintains the possible acquirers at bay.
Although a sale is never materialized, Radvinsky does not seem to be pressed in cash. He and Chudnovsky moved to Florida, where they are now residing in a palatial duplex once owned by the Great Chris Evert tennis, bought for more than $ 20 million.
#billionaire #prison #talks #sell #site #million #pornography #concerns
Image Source : nypost.com