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Confirmed: Comcast Bought Plaxo, Deal Closed Today
Posted on May 14, 2008
The rumors were accurate: Comcast 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 Inter...
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