MindGeek, the parent company of Pornhub, has been acquired by Canadian private equity firm Ethical Capital Partners (ECP).
(AFP)
[Financial Channel/Comprehensive Report] The adult website Pornhub has been turmoiled in recent years and has been entangled in lawsuits. The latest news indicates that MindGeek, the parent company of Pornhub, has been acquired by Canadian private equity firm Ethical Capital Partners (ECP), but the terms of the transaction have not been made public.
"Reuters" reported that ECP partner Sarah Bain said that they hope the acquisition will improve Pornhub's reputation, believe that MindGeek's operations are legal and responsible, and look forward to meeting with relevant players, such as payment providers, to clarify any Misunderstanding; ECP partner Friedman (Solomon Friedman) also said that the opportunity to clarify the misunderstanding of the outside world is indeed the core requirement of this transaction.
Please read on...
Friedman said that MindGeek's proprietary online safety tools are very complex and can be applied outside the adult industry. He also said that giants including Facebook, Twitter, and Reddit cannot touch MindGeek. In order to ensure the safety of adult content, And the work that must be done.
Friedman said there are no immediate plans for a major restructuring of MindGeek or divestment of parts of its business.
But he declined to comment on pending legal issues.
MindGeek is headquartered in Luxembourg, and its website Pornhub has been accused of illegal content, including content of minors, and private videos without the consent of the parties since 2020. There are also companies that women have accused Pornhub of being involved in sex trafficking, so as to gain from it Li, third-party payment providers such as Visa and Mastercard will terminate their cooperation with Pornhub in 2020.
Both Pornhub's CEO and chief operating officer resigned in June 2022. At that time, MindGeek stated that leadership changes have been in progress since early 2022.
The departure of the two people has nothing to do with the allegations involved in MindGeek.
France's digital transformation minister, Jean-Noel Barrot, said he would meet with Pornhub's new owners to ensure that minors are protected and that the site does not violate any laws.
Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel
Already added friends, thank you
Welcome to 【Free Finance】
feel good
Already liked it, thank you.
related news