U boomer U TV in talks to control My Space in exchange for a stake in a new venture
San Francisco, CA (1888PressRelease) April 05, 2011 - The rumors keep popping up, despite all of these discussions being in a (very) exploratory stage. Anything involving a merger of two struggling Internet companies is sure to generate some attention, which is why the press is eating this up.
That's why it doesn't surprise us that a 3 ½ year old Silicon Valley company, U boomer U TV, a social media/entertainment hub, for the largest demo on the planet (ages 25- 65 and up) has been internally discussing its options to either acquire or merge with My Space, the Beverly Hills based company.
It's probably thrown around dozens of ideas in brainstorming sessions and private meetings at all levels of the company. U boomer U TV's original idea was to acquire My Space with the help of Venture Firms, Silicon Valley Bank and JP Morgan Chase) My Space is nearly 20 times larger than U boomer U TV's social media site, based on market capitalization.
MySpace has attempted to redefine itself as a social entertainment website, with more of a focus on music, movies, celebrities and TV. But the acquisition could morph it into a social networking website with an entertainment hub, just like U boomer U TV's.
With My Space's 40 million users and e-mail subscribers, U Boomer U TV's Founder and CEO, Judy Myers can help breathe life back into MySpace, while both move to the head of the pack of social networking.
It will be particularly interesting given Myers fascinating careers on Wall Street, NYC (11 years at Bear Stearns), the music industry, Hollywood and ongoing client of professional sports powerhouse, IMG.
Breaking up U boomer U TV and then merging its content with My Space is one of the few ideas that actually makes sense, though popular opinion believes that they are eventually going to combine their resources - there are simply too many benefits and synergies for the two to ignore the potential of a combined entity. The two largest demographics merging gives Facebook something to ponder.
In the world of valuations, (U boomer U TV, U boomer U Music and U boomer U) Founder Judy Myers has a combined pre-money valuation of $126 million created with $360,000. Myers is the loan woman Founder- CEO in the social networking space in Silicon Valley
Myers Linked In profile: http://www.linkedin.com/pub/judy-myers/22/471/34b
U boomer U TV in talks to control My Space in exchange for a stake in a new venture 
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