Plaxo Acquired by Google for a Cool $200M?

What’s $200 Million to Google? A mere drop in the bucket we suppose, but possibly also the amount of cash the internet giant will fork over in a deal to acquire Plaxo. What started as a terribly annoying online contact management site, Plaxo is a service that quickly gained recognition for all the wrong reasons. Remember? One of your contacts signed up for the free service and you then proceeded to get spammed for weeks or even months with invitation requests. Since then, Plaxo has become an odd amalgamation of a social network, aggrigator and contact management solution. You know, one of the many “Web 2.0” services you’ve signed up for but might not really use. Apparently Google sees some value in Plaxo however, or at least that’s how the rumor goes. Plaxo supposedly was discovered to have recently hired a bank to broker a sale, and Wired reports that their sources point to Google as the purchaser. Apparently the deal has been accepted by Plaxo, but another report from Valleywag states that Comcast could actually be the company shelling out the cash for Plaxo. Either scenario does have some ties to back it up; Plaxo already handles some Comcast services, and several Plaxo board members came over from Google. Nothing has been confirmed by Plaxo, Google or Comcast at this point.



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