Saturday, June 09, 2007

Techcrunch: Xing In Talks To Acquire Plaxo

Xing May Be In Talks To Acquire Plaxo: "
We are hearing a LOT of chatter about a possible Xing-Plaxo merger in the $250 million range. The deal makes some sense - newly public Xing is headquartered in Germany and hasn’t gotten much traction in the U.S. where it competes directly with LinkedIn. Plaxo, with a very strong U.S. presence, could give them the opportunity they need to attack this market."

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