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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Girl survives fall from Golden Gate Bridge 1:38pm EDT Obama to Republicans: 'You think we're stupid?' 11:20am EDT Tax filing scramble amid reports rich pay less 1:34pm EDT S&P threatens to cut U.S. credit rating on deficit 4:25pm EDT Mutai runs fastest marathon ever at Boston 3:31pm EDT Discussed 85 Palin returns with feisty, anti-establishment speech 83 Obama to lay out deficit plan with focus on tax, spending 74 UPDATE 1-Geithner says Congress will pass debt limit increase Watched Cupless bra combats cleavage crinkle Fri, Apr 15 2011 South Korean "super gun" packs hi-tech killing power Mon, Feb 14 2011 Deadly tornadoes pound southern U.S. Sun, Apr 17 2011 Wal-Mart to buy social media firm Kosmix Tweet Share this NEW YORK (Reuters) - Wal-Mart Stores Inc said on Monday it agreed to buy social media company Kosmix for an undisclosed sum, as the world's largest retailer aims to win over more tech-savvy shoppers. Wal-Mart said Kosmix's founders and team will... Email Print Related News UPDATE 3-Wal-Mart CEO pay fell last yr as profit missed goal 3:25pm EDT UPDATE 3-Mexico's Walmex misses 1st-qtr expectations Fri, Apr 15 2011 T. Rowe Price mutual funds buy into Facebook Fri, Apr 15 2011 Cost surge under new Google CEO unnerves Street Fri, Apr 15 2011 Supervalu profit beats views; shares surge Thu, Apr 14 2011 Analysis & Opinion 6 reasons your business hates you U.S. Supreme Court Justice Breyer on Twitter Related Topics Technology » Deals » Global Deals Data 2011 Q1 » Inflows Outflows » Stocks Customers are seen at a Wal-Mart market in Miami, Florida May18, 2010. Credit: Reuters/Carlos Barria NEW YORK | Mon Apr 18, 2011 2:25pm EDT NEW YORK (Reuters) - Wal-Mart Stores Inc said on Monday it agreed to buy social media company Kosmix for an undisclosed sum, as the world's largest retailer aims to win over more tech-savvy shoppers. Wal-Mart said Kosmix's founders and team will operate as part of a newly formed group called @WalmartLabs that will create technologies and businesses around shopping online or with smart phones. "We are expanding our capabilities in today's rapidly growing social commerce environment," said Eduardo Castro-Wright, Walmart's vice chairman. "Social networking and mobile applications are increasingly becoming a part of our customers' day-to-day lives globally, influencing how they think about shopping." Earlier on Monday, Wal-Mart's chief executive Mike Duke said in a statement that his top priority for this year was to turn around same-store sales at its U.S. discount chain. Kosmix's founders, who sold their first company Junglee to Amazon.com Inc in 1998, will continue to be based in California's Silicon Valley. (Reporting by Martinne Geller, editing by Gerald E. McCormick) Technology Deals Global Deals Data 2011 Q1 Inflows Outflows Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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