Pornhub Proprietor MindGeek Bought to Canadian Non-public Fairness Agency

Final Up to date: March 17, 2023, 05:26 IST

MindGeek additionally owns the like of Brazzers and Redtube. (Picture: 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 common grownup leisure websites, together with Pornhub, was acquired by a Canadian personal fairness agency, Moral Capital Companions (ECP).

The choice to amass MindGeek was introduced by ECP in an announcement launched on March 16. MindGeek is a tech firm that manages a few of the hottest grownup leisure platforms on the planet.

Apart from Pornhub, MindGeek additionally owns the like of Brazzers and Redtube.

“At ECP, we hunt down revolutionary and ethically-driven corporations that function on the frontier of recent, evolving industries. In MindGeek, now we have recognized a dynamic tech model that’s constructed upon a basis of belief, security and compliance, and with ECP’s sources and broad experience spanning regulatory, regulation enforcement, public engagement and finance, now we have a novel alternative to strengthen what already exists,” mentioned Fady Mansour, founding accomplice, ECP, in an announcement.

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 be presently 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.