Wal-Mart acquires social media company
April 19, 2011,
Brisban, Calif. - Wal-Mart Stores has signed an agreement to acquire Kosmix, a social media technology platform that filters and organizes content in social networks.
Kosmix was founded in 2005 by Internet pioneers Venky Harinarayan and Anand Rajaraman, and is funded by Time Warner Investments, Accel Partners, Lightspeed Venture Partners, DAG Ventures, as well as private investors Jeff Bezos, Jon Miller, and Ed Zander.
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