Thursday, May 15, 2008

Comcast to Buy Plaxo Social Network

This just in from the Philadelphia Business Journal - Comcast is set to purchase Plaxo which currently provides a free service that updates and maintains the information in your address book. Plaxo has also become a social networking tool (Pulse) much like LinkedIn. So, as a Comcast user and subscriber, I'm wondering how long the platform will remain free.

Thomas Claburn of Information Week reported an hour ago on the story.

Claburn says:

"For Comcast, the deal provides an opportunity to make use of data about the 50 million people now under its umbrella. This may prove useful not only for marketing, but also for promoting content creation and communication. With a few more Internet-oriented acquisitions or partnerships, the cable service provider could develop a loyal Internet community, making it more competitive in the social arena with the likes of Facebook, Fox Interactive, Google (NSDQ: GOOG), and Yahoo (NSDQ: YHOO)."

Here are some links to more of the news coverage:

REFILE-UPDATE 2-Comcast buys social network pioneer PlaxoReuters - 5 hours agoBy Yinka Adegoke and Eric Auchard NEW YORK/SAN FRANCISCO, May 14 (Reuters) - Comcast Corp (CMCSA.O: Quote, Profile, Research) has agreed to acquire ...

Comcast buys Plaxo websiteguardian.co.uk, UK - 5 hours agoThis article was first published on guardian.co.uk on Thursday May 15 2008. It was last updated at 12:06 on May 15 2008. US cable company Comcast has bought ...


Comcast Buys Social-Networking Site PlaxoTheStreet.com - 6 hours agoComcast CMCSA will acquire social networking site Plaxo in a move aimed at unifying social media across the Internet and television. ...

Comcast Acquiring Social Networker PlaxoWashington Post, United States - 14 hours agoComcast (NSDQ: CMCSA) has acquired social networker Plaxo. Terms of the deal weren't disclosed in a Plaxo blog post announcing the news, but both TechCrunch ...

Comcast And Plaxo Invite You To The Marriage Of Set-top Box ...Washington Post, United States - 14 hours agoJust got off the phone from a tandem interview with Plaxo CEO Ben Golub and Comcast Interactive Media's Sam Schwartz. They weren't willing to talk money but ...

Comcast buys Plaxo: Will social networking and TV fly?ZDNet - 19 hours agoComcast has acquired Plaxo in a move that aims to make the cable giant’s interactive portfolio more social and potentially bring a little Web 2.0 to your ...

Comcast to Buy Plaxo for Social NetworkingPC World - 19 hours agoComcast will acquire social-networking company Plaxo to power upcoming community features on its TV, broadband data and phone services. ...

Confirmed: Comcast Bought Plaxo, Deal Closed TodayWashington Post, United States - 19 hours agoThe rumors were accurate: Comcast will announce their acquisition of social contact list Plaxo today. Financial terms are not being disclosed, ...

Comcast to acquire contact manager PlaxoThe Associated Press - 20 hours agoPHILADELPHIA (AP) — Comcast Corp. is buying contact management company Plaxo Inc. and plans to incorporate into all its offerings features intended to help ...

Comcast to acquire networking Web site Plaxo: reportForbes, NY - 21 hours agoSAN FRANCISCO (Thomson Financial) - Comcast Corp. is acquiring privately held social networking Web site Plaxo, the Wall Street Journal reported on its Web ...

Comcast acquires social network pioneer PlaxoReuters - 21 hours agoNEW YORK/SAN FRANCISCO (Reuters) - Comcast has agreed to acquire pioneering Web start-up Plaxo, which first sought to turn address books into social ...

Comcast to Buy Networking Site PlaxoWall Street Journal - 21 hours agoBy VISHESH KUMAR Comcast Corp. said Wednesday that it will acquire high-profile networking Web site Plaxo, in an effort by the cable operator to broaden the ...

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