Michael Arrington submits: The rumors were accurate: Comcast (CMCSA) will announce their acquisition of social contact list Plaxo
today. Financial terms are not being disclosed, but the purchase price
is between $150 and $170 million. Plaxo, which was founded in 2002, has
raised just under $30 million in venture capital.
Plaxo has been the subject of considerable acquisition rumors lately, with both Google and Facebook named as potential suitors.
Plaxo says they will remain an independent organization in Silicon
Valley. It will report into Comcast Interactive Media, which is a
division of Comcast that develops and operates Internet businesses
focused on entertainment, information and communication. Complete Story » ...
Anytime
Michael Arrington submits: The rumors were accurate: Comcast (CMCSA) will announce their acquisition of social contact list Plaxo
today. Financial terms are not being disclosed, but the purchase price
is between $150 and $170 million. Plaxo, which was founded in 2002, has
raised just under $30 million in venture capital.
Plaxo has been the subject of considerable acquisition rumors lately, with both Google and Facebook named as potential suitors.
Plaxo says they will remain an independent organization in Silicon
Valley. It will report into Comcast Interactive Media, which is a
division of Comcast that develops and operates Internet businesses
focused on entertainment, information and communication. Complete Story » ...