TechCrunch reported late on Friday about a hot new rumor in the social media space. The Germany-based business networking site Xing, according to TechCrunch's Michael Arrington, may be in talks to acquire online address book management company Plaxo. The deal is rumored to be in the $250 million range--a significant buy indeed.
Plaxo, for some background, was founded in 2002 by Napster co-founder Sean Parker. Since then, the company claims to have hit 15 million members (as of September 2006). It synchronizes primarily with Microsoft Outlook address books, but has also formed deals with companies like Yahoo and AOL'… Read more