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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Tennessee investigator makes plea for help in Bobo case 18 Apr 2011 Kanye West saves day, reputation at Coachella 18 Apr 2011 Japan ministers confident in Treasuries after S&P move 18 Apr 2011 UPDATE 3-White House, Congress under pressure from S&P move 18 Apr 2011 Apple sues Samsung over Galaxy products 18 Apr 2011 Discussed 88 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 South Korean "super gun" packs hi-tech killing power Mon, Feb 14 2011 Cupless bra combats cleavage crinkle Fri, Apr 15 2011 VW unveils new sporty Beetle Mon, Apr 18 2011 SMALL BUSINESS Patent battle hits Supreme Court A small Canadian firm's record $290-million patent victory over software giant Microsoft rests in the hands of the Supreme Court. Down to its final appeal, Microsoft argued a lower standard should be used, which could make some patents more vulnerable to legal challenge. Full Article | Video Microsoft-i4i fight has big patent implications A decade later i4i's battle with Microsoft nears finale 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 Mon, Apr 18 2011 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. 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