Pornhub is discussing the possibility of an acquisition with an unidentified investor group led by entrepreneur / “The Godfather of Canadian Weed” Chuck Rifici as the frontrunners for this blockbuster sale.
According to Business Insider, Rifici – who was the CEO of Tweed Marijuana Inc before he was ousted, as well as the Liberal Party of Canada’s former CFO – has been negotiating the purchase of the high-traffic online asset with current owner MindGreek. The latter reportedly declined to comment on three separate occasions when approached.
Currently, the price, identities of other investors, and whether the necessary capital required for such a purchase has actually been secured by Rifici remains unclear. Reporting as a whole on the fate of the modern world’s X-rated Library of Alexandria, in fact, has been rather lacking thus far. It’s as if the entire affair is being conducted via real-life incognito mode.
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“I’m always looking at different deals and my team at [investment firm] Bruinen is exploring a number of opportunities,” Chuck Rifici tells Business Insider via email in response to being queried about the potential Pornhub sale.
“But until there is something to announce progress on, I have no further comment.”
In addition to Pornhub, MindGeek retains a stacked portfolio of the following pornographic sites which were instrumental in generating US$460 million worth of revenue during the 2018 fiscal year (as per Financial Times):
- PornMD
- RedTube
- YouPorn
- Reality Kings
- Digital Playground
- Men.com
- Sean Cody
- Brazzers
- Twistys
- WhyNotBi.com
- Mofos Network
- Babes Network
- MILF Hunter
- Milf Next Door
- Euro Sex Parties
- Crazy College GFs
- Wicked.com
- Adult.com
- See My Wife
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