Last Updated: March 17, 2023, 05:26 IST
MindGeek additionally owns the like of Brazzers and Redtube. (Image: Pornhub twitter)
The acquisition comes after the departure of MindGeek’s CEO Feras Antoon and COO David Tassillo in June 2022
MindGeek — the proprietor of a number of widespread grownup leisure websites, together with Pornhub, was acquired by a Canadian personal fairness agency, Ethical Capital Partners (ECP).
The choice to purchase MindGeek was introduced by ECP in a press release launched on March 16. MindGeek is a tech firm that manages a few of the hottest grownup leisure platforms on the earth.
Besides Pornhub, MindGeek additionally owns the like of Brazzers and Redtube.
“At ECP, we seek out innovative and ethically-driven companies that operate at the frontier of new, evolving industries. In MindGeek, we have identified a dynamic tech brand that is built upon a foundation of trust, safety and compliance, and with ECP’s resources and broad expertise spanning regulatory, law enforcement, public engagement and finance, we have a unique opportunity to strengthen what already exists,” mentioned Fady Mansour, founding accomplice, ECP, in a press release.
The acquisition comes after the departure of MindGeek’s CEO Feras Antoon and COO David Tassillo in June 2022, TechCrunch reported.
The report added that the corporate can also be at the moment within the midst of a number of lawsuits that allege it has knowingly profited off of kid sexual abuse materials (CSAM).
In its assertion, ECP lists a number of insurance policies in MindGeek’s belief and security program, together with its moderation practices, which require human moderators to manually overview all uploads.
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