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Myspace.com Founder Acquires 30% Ownership Stake in #1 Internet Video News Website Liveleak.com as Largest Citizen Journalism Community Logs 22.4 Million Unique Visitors
Contact: Brad Greenspan, 408-599-3340 ext 454, brad@myspacefounder.com
LOS ANGELES, Dec. 31, 2015 /Standard Newswire/ -- Myspace.com and eUniverse Founder Brad Greenspan announces acquisition of 30% ownership stake in largest citizen journalism website and #1 online video news community Liveleak.com. Liveleak.com hit a new record in popularity logging 22.4 million unique visitors during a recent 30 day period between November and December 2015.
The Myspace.com Founder is a passive investor and shareholder in Liveleak.com and is neither a Director, Officer, or employee of the European based company.
"I have been a huge fan of Liveleak.com for several years and have watched in awe as its virally grown its audience by providing a simple compelling proposition: allowing users to share breaking news and entertainment video clips while encouraging and allowing free discussion without the censorship employed by competitor Youtube.com," said Brad Greenspan, the Myspace.com Founder, and President of LivePop Internet Inc., a U.S. internet holding company.
Its anticipated the Myspace.com Founder will meet with Liveleak.com control shareholders and management in 2016 to discuss how the veteran internet operator and entrepreneur can contribute to the already massively successful company.
The minority stake acquired by the Myspace.com founder was purchased from a passive former shareholder not part of the current operating team or management.
"With over 20 million unique visitors coming to share and watch videos each month, and breakeven for over three years, I peg the valuation Liveleak.com would fetch in an acquisition at over $1 billion dollars based on comparable internet M&A transactions if the company put itself up for sale," said Mr. Greenspan, "However the company isn't for sale and continues to grow at a rapid rate so in 6 months from now the value may double or triple. I'm quite lucky to have stumbled into a unique opportunity to acquire the minority stake from a shareholder who needed to sell in a hurry. Now I hope to pitch in and help the company as much as a smart shareholder can."
Mr. Greenspan added that he would be open to selling some of his share stake to global media companies if the results of such transactions could lead to strategic benefits accruing to liveleak.com including making more content or better features available for users.
LOS ANGELES, Dec. 31, 2015 /Standard Newswire/ -- Myspace.com and eUniverse Founder Brad Greenspan announces acquisition of 30% ownership stake in largest citizen journalism website and #1 online video news community Liveleak.com. Liveleak.com hit a new record in popularity logging 22.4 million unique visitors during a recent 30 day period between November and December 2015.
The Myspace.com Founder is a passive investor and shareholder in Liveleak.com and is neither a Director, Officer, or employee of the European based company.
"I have been a huge fan of Liveleak.com for several years and have watched in awe as its virally grown its audience by providing a simple compelling proposition: allowing users to share breaking news and entertainment video clips while encouraging and allowing free discussion without the censorship employed by competitor Youtube.com," said Brad Greenspan, the Myspace.com Founder, and President of LivePop Internet Inc., a U.S. internet holding company.
Its anticipated the Myspace.com Founder will meet with Liveleak.com control shareholders and management in 2016 to discuss how the veteran internet operator and entrepreneur can contribute to the already massively successful company.
The minority stake acquired by the Myspace.com founder was purchased from a passive former shareholder not part of the current operating team or management.
"With over 20 million unique visitors coming to share and watch videos each month, and breakeven for over three years, I peg the valuation Liveleak.com would fetch in an acquisition at over $1 billion dollars based on comparable internet M&A transactions if the company put itself up for sale," said Mr. Greenspan, "However the company isn't for sale and continues to grow at a rapid rate so in 6 months from now the value may double or triple. I'm quite lucky to have stumbled into a unique opportunity to acquire the minority stake from a shareholder who needed to sell in a hurry. Now I hope to pitch in and help the company as much as a smart shareholder can."
Mr. Greenspan added that he would be open to selling some of his share stake to global media companies if the results of such transactions could lead to strategic benefits accruing to liveleak.com including making more content or better features available for users.
