New Delhi, Aug. 22 -- Adult-content social network OnlyFans on Friday said it paid its owner Leonid Radvinsky $701 million in dividends ahead of a potential sale of the company.

London-based Fenix International, that runs OnlyFans, is exploring a sale at a potential valuation of $8 billion, Bloomberg reported in May.

The platform allows content creators to offer subscription material directly to their fans.

It makes money by charging a 20% fee on any subscription or content including videos, pictures and chats sold via the platform.

It gained popularity during the Covid-19 pandemic, when several sex workers and celebrities were looking for ways to earn money during lockdowns.

In a financial filing for the year ended November 30, 2024...