Wal-Mart to Acquire Social Media Platform

BENTONVILLE, Ark. — Wal-Mart Stores here said Monday it has signed a definitive agreement to acquire Kosmix, Mountain View, Calif., the developers of a social media technology platform that filters and organizes content to connect people with real-time information.

BENTONVILLE, Ark. — Wal-Mart Stores here said Monday it has signed a definitive agreement to acquire Kosmix, Mountain View, Calif., the developers of a social media technology platform that filters and organizes content to connect people with real-time information.

The agreement, subject to customer closing conditions, is expected to close before the end of June, Wal-Mart said.

Kosmix will operate

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TAGS: Marketing