Monday, May 19, 2008

Comcast To Acquire Plaxo, Add Social Networking To TV

In a move expected to bring social networking to TV viewers, Comcast Corp. has agreed to acquire seminal online social networking platform Plaxo for upwards of $175 million, according to various published reports. The deal comes a week after Comcast entered a partnership with Sprint, Clearwire and Google to launch a powerful, seamless wireless communications platform, giving Comcast a powerful foothold across three screen platforms: TV, online and mobile.

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