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.
Got any details? Let us know in the comments, or by email.
Plaxo was founded in 2001 by Stanford classmates Cameron Ring and Todd
Masonis along with Napster cofounder and Facebook founding president
Sean Parker. It is backed by Sequoia Capital, Cisco Systems, Globespan
Capital Partners, DAG Ventures, and Harbinger Venture Management.
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.
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