Rumour: Xing to Acquire Plaxo for $250 million

Next Story

This Week on Rev2 (TWOR) - Ending 9th June, 2007

XingA tipster informs us that Xing, a Germany-based subsidiary company focused on professional people search and management for businesses and enterprises, maybe acquiring Plaxo, an e-mail address book management and sharing platform. Reports say the acquisition is currently rumored to be around the $250 million range.

For Xing, which clashes much with Plaxo’s premise but has a userbase of companies mostly outside the U.S., this will mean an integration of users and an entrance into the the U.S. market with their respective products.

PlaxoFor Plaxo, which has been reportedly looking for a buyer for a while now, this is a great opportunity to create an alliance with another strong player in this market and work on creating a, through the use of technologies and userbases from both sides, a really competitive solution.

Opinion

From what we’ve heard, this ‘rumour’ really seems to be something more. The fact that both products are essentially suited for each other, it’s a good rumoured price, and that Plaxo has been long-seeking a buyer points to a high chance of an announcement sometime next week.


GE 822BRTCP MAGNETIC LIGHT BALLAST picture
GE 822BRTCP MAGNETIC LIGHT BALLAST
ADVANCE  BALLAST  RAPID START 120V picture
ADVANCE BALLAST RAPID START 120V
SLIM HID Xenon Kit Ballast Conversion Bulbs Kit 55W H7 6000K HIYG picture
SLIM HID Xenon Kit Ballast Conversion Bulbs Kit 55W H7 6000K HIYG
 HOLOPHANE INDUSTRIAL LIGHT FIXTURE  with Ballast
HOLOPHANE INDUSTRIAL LIGHT FIXTURE with Ballast "SEE DESCRIPTION"
Triad C240PUNVHP-B Electronic Compact Fluorescent Ballast Input 120 To 277 Volts picture
Triad C240PUNVHP-B Electronic Compact Fluorescent Ballast Input 120 To 277 Volts