Network Services
Cable firm Comcast buys Plaxo website
US cable company Comcast has bought the website Plaxo as part of a strategy to bring social networking into the mainstream.
The value of the deal was not disclosed, but industry blogs have been predicting a sale since January and estimate Plaxo was sold for between $150m and $170m.
Plaxo offers an extensive online address book as well as a sister social networking site called Pulse and claims 50 million user accounts and 1.5 million regular unique users each month.
Comcast,
the biggest cable firm in the US, plans to integrate Plaxo's online
social networking services with its own subscriber base of 24.2 million
customers through comcast.net, the film site Fandango and Fancast, an
entertainment site.
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