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Walmart 3.0 Purchasing Mountain View Based Social Media Company

Walmart, the world’s largest retailer, has announced that they’ve entered into a definitive agreement to acquire Mountain View, CA based Kosmix.¬† Kosmix is a social media company that has developed a technology platform that filters and organizes content in social networks to connect people to content that is relative to them.

Walmart has said that this acquisition is part of their new “Walmart Labs” which is developing ways for Walmart to expand their social media and mobile presence.

More after the break