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	<title>keystone blog &#187; Comcast Buys Plaxo</title>
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		<title>Everybody&#8217;s Buying Everyone Else Today</title>
		<link>http://blog.kbsweb.com/everybodys-buying-everyone-else-today/</link>
		<comments>http://blog.kbsweb.com/everybodys-buying-everyone-else-today/#comments</comments>
		<pubDate>Thu, 15 May 2008 19:05:50 +0000</pubDate>
		<dc:creator>Jeremy Scott</dc:creator>
				<category><![CDATA[Ask Buys Dictionary.com]]></category>
		<category><![CDATA[CBS Buys C|Net]]></category>
		<category><![CDATA[Comcast Buys Plaxo]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Rumors]]></category>
		<category><![CDATA[Tech News]]></category>

		<guid isPermaLink="false">http://blog.kbsweb.com/?p=296</guid>
		<description><![CDATA[In the world of Technology and the Internet, mergers and acquisitions are fairly commonplace. You won&#8217;t hear about most of them, because the lion&#8217;s share are concerning companies and services you probably haven&#8217;t heard of. Every once in a while, though, there&#8217;s a &#8220;Google Buys YouTube&#8221; or a &#8220;Microsoft Makes Bid for Yahoo&#8221; story that [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://blog.kbsweb.com/wp-content/dollarbillsyall.jpg" alt="Everyone's Buying Everyone Else Today" width="399" height="372" /></p>
<p>In the world of Technology and the Internet, mergers and acquisitions are fairly commonplace.  You won&#8217;t hear about most of them, because the lion&#8217;s share are concerning companies and services you probably haven&#8217;t heard of.</p>
<p>Every once in a while, though, there&#8217;s a &#8220;Google Buys YouTube&#8221; or a &#8220;Microsoft Makes Bid for Yahoo&#8221; story that sort of grabs everyone&#8217;s attention.</p>
<p>Today there were three major acquisitions in the world of tech.</p>
<ul>
<li>First, <a href="http://news.yahoo.com/s/ap/20080515/ap_on_hi_te/cbs_cnet" target="_blank">CBS is buying C|Net for $1.8 Billion.</a></li>
<li>Second, <a href="http://www.techcrunch.com/2008/05/14/confirmed-comcast-bought-plaxo-deal-closed-today/" target="_blank">Comcast has purchased Plaxo for a rumored $150-$170 Million.</a></li>
<li>Lastly, <a href="http://news.yahoo.com/s/ap/20080515/ap_on_hi_te/ask_reference" target="_blank">Ask.com (formerly Ask Jeeves) has bought Dictionary.com</a> (actually, they purchased Dictionary.com&#8217;s parent company, Lexico, which means they also bought Reference.com and Thesaurus.com) for a rumored price of around $100 Million.</li>
</ul>
<p>Now, I&#8217;m sure you&#8217;ve heard of Dictionary.com, as most moderate Internet users have.  So that&#8217;s kind of an interesting purchase.</p>
<p>The Comcast deal is surprising, considering that no one in my office could even tell me what Plaxo is or what they do.  Plaxo is a &#8220;social contact list&#8221; service that promises to help you &#8220;stay in touch with the people you care about most.&#8221;  It&#8217;s kind of a mash-up of your address books and all your favorite websites.</p>
<p>The CBS/C|Net deal is the most astounding to me, purely from a dollar amount standpoint.  $1.8 Billion is a heck of a lot of money for a site that offers tech news and reviews.  Granted, C|Net has a stellar reputation, and is one of the most cited sources for Tech news on the web.</p>
<p>That being said&#8230; how many of you reading this recognized the name C|Net?  It&#8217;s kind of amazing that a website you&#8217;ve never heard of is worth as much as a small country, isn&#8217;t it?  Now I know that the bulk of our readers, while Internet-savvy, are not as plugged in to the latest services and hot companies online&#8211;hey, you&#8217;re busy running your small business.  We get that.  That&#8217;s why we&#8217;re here to keep you abreast of what&#8217;s going on.</p>
<p>But even if their business name doesn&#8217;t ring a bell, some of their subsidiary companies probably will:</p>
<blockquote><p>CNet is an early pioneer in the Internet, and now includes a large stable of businesses in the entertainment, news and music areas such as ZDNet, GameSpot.com, TV.com, mp3.com.</p></blockquote>
<p>The world wide web is a crazy place, where dollars are thrown around like candy.  I&#8217;m sure next week we&#8217;ll read that Ask, CBS, and Comcast have all merged and that they&#8217;ve been bought by Google for $4.6 Quadrillion.</p>
<p>I&#8217;m currently trying to pinpoint exactly which website I want to buy today.  Hey, why should the big guys have all the fun?  I don&#8217;t have $1.8 Billion, but I have enough to buy someone&#8217;s dormant blog.  Maybe I&#8217;ll do that.  Or maybe we could pool our money, you and I, and buy a MySpace account or something.  How much you got?  I just want to get in on the action&#8230; because today is definitely THE day to buy a web property.</p>
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