Comcast Buys Networking Site Plaxo

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