Walmart makes social media acquisition

M&A is back in full-force in the consumer internet space, but this
time around, it’s not just the usual suspects — tech companies — doing
the buying.

Case in point: yesterday, Walmart announced that it is buying social
media company Kosmix. Founded in 2005, the company, which raised $55m in
investment over the years, “filters social media to connect you to
content that interests.