World's biggest pornography company, pornhub, has been purchased by a Canadian equity firm known as Ethical Capital Partners.
Ethical Capital Partners purchased MindGeek, which operates the world's largest porn site. The amount and terms of the purchase have not been made public.
MindGeek has its main offices in Luxembourg but has big offices in Montreal. It has been the subject of several lawsuits claiming that it benefited from the sale of child pornography and illicit sexual activity video allegations, which the company denies.
"We are engaged with the team at MindGeek and with stakeholders, including content creators, advocates, law enforcement, civil society partners and policymakers to inform our efforts and strengthen MindGeek's secure platforms, going beyond legal and regulatory obligations," Solomon Friedman, a founding partner of Ottawa-based ECP, said in a statement.
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MindGeek, founded in 2004, runs an array of adult-oriented websites, including Pornhub, YouPorn, Redtube, and Men.com.
However, the troubles for the market leader in internet porn have encountered increasing criticism since the New York Times published a story in December 2020 accusing Pornhub of publishing illicit material online, such as sexual assault videos. Most of its top executives resigned in mid-2022