Plaxo Bought By Google
This post was published 1 year 9 months 14 days ago and its content may not be valid anymore.Google may be on its buying spree again by swallowing up Plaxo. The deal has rumored to have closed at about $200 million.
We’re hearing rumors that online contact management service Plaxo has accepted a sub-$200 million offer and that the purchasing company is most likely search engine Google.
Plaxo has been in the news recently, reportedly hiring a bank to shepherd a sale. A representative for Plaxo declined to confirm or deny the deal, saying that the company has a policy of not commenting on M&A rumors. [...]
Plaxo board members Ram Shriram and Michael Moritz were among the original board members of Google. Shriram still serves on Google’s board while Moritz stepped down from Google’s board last March.
The Plaxo purchase makes sense considering Googles recent push into the Blackberry world and how the search company wants to be the hub of your digital life.
Heh I know one of the guys that helped start this up via the 6th Degree …. lucky bastard, he was also one of the start guys for facebook (which he used monies made to start this).
I just hope they make it free…. less annoying… and better integrated.