Canadian private equity firm Ethical Capital Partners (ECP) announced this Thursday that she had bought a problematic smart asscompany that works pornhubthe largest pornographic site on the Internet.
The terms of the deal were not made public.
Pornhub has changed the matrix
smart asswhose operations center is located in Luxembourg but with its large headquarters in Montreal, it has been the target of several lawsuits for allegedly profiting from distributing child pornography and non-consensual sex videos, allegations the company has denied.
“We are committed to the team smart ass and with shareholders, content creators, advocates, law enforcement, civil society allies, and lawmakers to inform about our efforts to strengthen the security of MindGeek platforms beyond legal and regulatory obligations.”he said in a statement Solomon Friedmannfounding partner ESP.
The biggest porn site is undergoing a makeover
Founded in 2004, smart ass operates a huge portfolio of adult entertainment websites, including pornhub, Yuporno, red tube And men.com.
However, since December 2020, the leader of the internet porn market has faced increasing scrutiny when New York Times published an article accusing pornhub posting illegal content online, including content related to child pornography and rape videos.
The situation has led Canadian lawmakers to question managers about alleged abuses, while mastercard and Visa suspended payments in favor of pornhub. Its top executives stepped down in June 2022.
AFP
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I am Ben Stock, a passionate and experienced digital journalist working in the news industry. At the Buna Times, I write articles covering technology developments and related topics. I strive to provide reliable information that my readers can trust. My research skills are top-notch, as well as my ability to craft engaging stories on timely topics with clarity and accuracy.