Friday, May 16, 2008

RH: Comcast Mixes It Up and Buys Plaxo

"Plaxo, the hot Mountain View social-networking startup plans to help Comcast build social-networking through the cable giant's SmartZone communications center. The details of the terms of the deal were not disclosed, but the deal is expected to close within the next two months.

The Plaxo plan is to bring social networking to Comcast cable subscribers TV sets so that people will be able to interface with SmartZone which is expected to be available to by the end of the year.

Comcast currently has about 25 million cable subscribers and 14 million internet subscribers. Plaxo's 50 employees will be absorbed into Comcast, which is good news, I'm sure for them.

No comments: