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Walmart Reenters Social Media Arena

Agrees to acquire Kosmix for an undisclosed amount.

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By: TOM BRANNA

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Walmart will acquire Kosmix, the Mountain View, CA developer of a social media technology platform that filters and organizes content in social networks to connect people with real-time information that matters to them. The purchase price was not disclosed. Kosmix founders Venky Harinarayan and Anand Rajaraman will operate as part of the newly-formed @WalmartLabs, based in Silicon Valley. Walmart plans to expand the @WalmartLabs team and expects the new group to create technologies and ...

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