Plaxo reportedly hires bank to help it sell itself
Two updates!
Plaxo, a company that syncs your contacts’ details across your email and web services, has reportedly hired an investment bank Revolution Partners to help sell itself.
Update 1: The New York Times reports that the company is asking for as much as $100 million.
Update 2: PEHub reports that the company has been offered $200 million to sell, and has yet to hire a bank.
The hiring of Revolution (?) follows earlier reports that the company is trying to sell… Continue Reading