Comcast buys Plaxo, correct, who knows more?

Comcast is buying Mountain View contact management company Plaxo and plans to incorporate into all its offerings features intended to help people synchronize their address books and connect socially online.

The cable company said social networking and other services will be added to its Comcast.net, Fancast.com and Fandango.com Web sites. Cable subscribers eventually will also be able to access the services through their set-top boxes and other devices.

“We think the combination of Plaxo and Comcast together can supercharge both of our products,” said Sam Schwartz, executive vice president of Comcast Interactive Media. “Comcast is looking at Plaxo to become the social media backbone of its products.”

Plaxo is a 50-employee company funded by investors ranging from Cisco Systems to former Yahoo CEO Tim Koogle.

The purchase price was not disclosed.

Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast; https://www.game-consultant.com

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