Thursday, April 21, 2011

Wal-Mart Buys Social-Media Start-up Kosmix for $300 Million

Wal-Mart Buys Social-Media Start-up Kosmix for $300 Million-Plus, according to reports floating around the blog-universe.  The @WalmartLabs team will use the investment to leverage its social and mobile commerce strategy, and attempt to link together its bricks and mortar stores with e-commerce.  Read the Wall Street Journal’s take: http://blogs.wsj.com/venturecapital/2011/04/20/wal-marts-kosmix-deal-may-inspire-other-retailers

 

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