Comcast Corp. said Wednesday that it will acquire Plaxo Inc., capping off a “redemption story” for backers of the early social networking site. Terms of the deal weren’t disclosed. Plaxo, backed by more than $20 million in venture funding from Sequoia Capital, Globespan Capital Partners, Harbinger Venture Management, Cisco Systems Inc. and Ram Shiram, offers [...]

May 15th, 2008 | rp | Comments | Continued