Comcast buys Plaxo

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NEWS IN BRIEF: TechCrunch is reporting that Comcast has bought social contact list Plaxo today. While financial terms were not disclosed, the purchase price is between $150 and $170 million.

Founded in 2002, Plaxo raised just under $30 million in venture capital. It has also been the subject of rumours of being acquired by Google and Facebook, among other names.

Plaxo is also saying that they will remain independent, and will report to Comcast Interactive Media.