Wal-Mart (WMT) did not disclose the terms of its acquisition of social media startup Kosmix, but...

|About: Wal-Mart Stores, Inc. (WMT)|By:, SA News Editor

Wal-Mart (WMT) did not disclose the terms of its acquisition of social media startup Kosmix, but Kara Swisher reports a price tag of $300M. It's the latest evidence that Wal-Mart, considered something of an also-ran in e-commerce, now understands that consumers are turning increasingly to social networks to decide what to buy.