Comcast Buys Networking Site Plaxo

Plaxo Joins Fancast, Fandango, thePlatform in Cable Operator’s Web Portfolio

By B&C Staff -- Broadcasting & Cable, 5/15/2008 7:02:00 AM

Cable MSO Comcast beefed up its online services by agreeing to buy networking site Plaxo for $170 million.

Mountain View, Calif.-based Plaxo facilitates sharing of user contact information and photos, and it has 50,000 users. The company is closely held and funded by venture-capital investors.

Comcast has been diversifying into Web-based businesses with earlier acquisitions of video entertainment site Fancast, movie site Fandango and video-publishing company thePlatform.

Talkback

We would love your feedback!

Post a comment

» View All Talkback Threads

Related Content

• Topics
• Author

Microsoft Acquires Equity Stake in Facebook

10/25/2007

Daily DigVid Review: MySpace Topped Out?

05/20/2008

Comcast Buys Out Hearst Stake in NECN

06/18/2009

Fox News, MySpace Team For User Generated Content

04/19/2009

Comcast Results Show Drop in Customer Growth

02/18/2009

Also by this author

• Oprah Winfrey Announces the End of Her Syndicated Show

• Editorial: Seller Beware

• 'Wanda Sykes' Off to Good Start

• Editorial: Owning Up

• Disney TV Animation Taps Gamble

Also by BCST Staff

Product Wire

• Resource Center
• Browse Categories
• Browse Companies

Featured Company

• Grab Networks

  

  Created from the merger between Anystream and Voxant Media, Grab Networks offers a comprehensive video operating system and syndication network for profitably publishing video anywhere on the Internet. The system automatically manages, transcodes... more

• Digital Rapids

  

  Digital Rapids is the leading provider of professional hardware and software tools, technology and expertise for bringing video to wider audiences and new viewing platforms. Continuing to set new standards in quality, productivity and versatility... more

• Parks Associates

  

  Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from... more

• Telestream

  

  Telestream products are used by the world's leading media and entertainment companies and corporations for transcoding and workflow automation. Telestream helps customers transform their media for multiplatform distribution to web, mobile, DVD... more

• Akamai

  

  Akamai provides market-leading managed services for powering rich media, dynamic transactions, and enterprise applications online. Having pioneered the content delivery market one decade ago, Akamai's services have been adopted by the world's most... more

---

Most Recent Resources

• Robust Encoding, Transcoding and Streaming Systems – Critical...
• Simultaneous Multi-Format Encoding for Efficient Content Repurposing
• Broadband Services: The Turning Point
• Digital Lifestyles and the Service Provider
• IPTV and the Digital Home