Home / Business and Economy / Scooter Braun Backs Out of $8B OnlyFans Acquisition Talks
Scooter Braun Backs Out of $8B OnlyFans Acquisition Talks
14 Nov
Summary
- Scooter Braun was in advanced talks to become "face and brains" of OnlyFans
- Negotiations ended a couple weeks ago, sources say talks were never serious
- OnlyFans is worth $8 billion, per Reuters
According to recent reports, entertainment industry executive Scooter Braun has decided not to move forward with acquiring the adult content platform OnlyFans. Just a couple weeks ago, Braun was reportedly in advanced talks to become the "face and brains" of the $8 billion company, leveraging his entertainment industry connections to help drive OnlyFans' growth.
However, sources have now revealed that the negotiations were never as serious as initially suggested. While Braun did express interest and ask to see paperwork for a potential deal, he ultimately decided not to involve his legal team in the "brief discussion." OnlyFans was said to be interested in bringing Braun on board, seeing his industry ties as a valuable asset. But in the end, Braun walked away from what could have been a high-profile acquisition for the entrepreneur.
The decision marks a surprising turn of events, as Braun had stepped down as CEO of Hybe America in September, reportedly with plans to pursue new ventures outside the company. Some speculated he may have been eyeing the OnlyFans opportunity as his next big move. But for now, it appears Braun has decided to explore other options beyond the adult content platform.
