More on the Plaxo acquisition (no WSJ subscription required for this one)
In simple terms, Comcast wants to be a sort of Facebook of video sharing. As Mr. Schwartz explained it, if you love an episode of “Lost,” you will eventually be able to use Plaxo’s multi-platform connection technology and Comcast’s video-licensing agreements to share it with your friends. “We can bring you the show,” he said.
Plaxo, based in Mountain View, Calif., had been looking for a buyer since at least January. Comcast was a natural partner since Plaxo was already providing the Philadelphia-based cable giant with software to help integrate its cable TV, phone and Internet services into a common platform.