TITLE

Report: Social Site Plaxo for Sale

AUTHOR(S)
Schachter, Ken
PUB. DATE
January 2008
SOURCE
Red Herring;1/3/2008, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article announces the sale of Plaxo, the online address-book updater that bolstered its social-networking tools. According to a report published in "The New York Times," the company, which has yet to turn a profit, has hired investment banker Revolution Partners of Boston and is seeking a sale price of up to $100 million. The 7-year-old company is backed by Sequoia Capital, Globespan Capital Partners, Harbinger Venture Management, and Cisco Systems as well as former Yahoo Chief Executive Timothy Koogle.
ACCESSION #
36961968

 

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