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  • Jan. 4, 2012, 5:39 PM

    Wal-Mart (WMT), never seen as a trendy retailer, is nonetheless stepping up its mobile and social media efforts: the company's @WalmartLabs division announced today it's acquiring mobile app development agency Small Society. The purchase is the division's fourth in the last 9 months; in April, it spent $300M to acquire social media content organizer Kosmix.

    | Jan. 4, 2012, 5:39 PM
  • Nov. 9, 2011, 2:03 PM

    Already having a big year, dealmaking in the grocery business is set to jump even more as regional players seek to size up. One firm on the radar screen is Supervalu (SVU), primed for acquisition or break-up as it tries to shed debt from its $12.4B purchase of Albertsons in 2006.

    | Nov. 9, 2011, 2:03 PM
  • Oct. 20, 2011, 9:01 AM

    Wal-Mart's (WMT) purchase of Massmart (MMRTY.PK) is under the spotlight of regulators in South Africa after the government filed a lawsuit compelling the review of its prior approval of the deal. Wal-Mart international CEO Doug McMillon says the company can't commit to procurement targets requested by officials, but is "happy" to invest and grow the local supplier base.

    | Oct. 20, 2011, 9:01 AM
  • Sep. 16, 2011, 9:48 AM
    Wal-Mart (WMT +0.5%) keeps a focus on e-commerce with a purchase of mobile ad-targeter OneRiot for an undisclosed amount. The @WalmartLabs blog raves about the "nifty technology" from OneRiot that analyzes signals from social networks like Twitter and Facebook to deliver targeted ads.
    | Sep. 16, 2011, 9:48 AM
  • Aug. 11, 2011, 3:55 PM

    Reported, denied, and now reported again, sources say Wal-mart (WMT) is looking into the acquisition of Carrefour's (CRERY.PK) Brazilian operations, with UBS advising. The deal, said to be in the $6-$8B range, would double Wal-mart's presence in the country.

    | Aug. 11, 2011, 3:55 PM
  • Jul. 21, 2011, 10:12 AM

    South Africa's government appeals a decision by its own regulators to allow Wal-Mart's (WMT +0.8%) $2.4B takeover of Massmart (MMRTY.PK) . However, it's not immediately clear what impact the move, nor any promised appeal by the union, could have on the deal. (previous)

    | Jul. 21, 2011, 10:12 AM
  • Jun. 20, 2011, 9:54 AM

    Wal-Mart (WMT +0.1%) closes a deal to acquire a 51% stake in South African-based Massmart (MMRTY.PK) for 148 rand, or $21.80, per Massmart ordinary share. Under the agreement, Wal-Mart will be entitled to nominate the chairman and three non-executive directors to Massmart's board. However, Wal-Mart has asked Massmart's Mark Lamberti to stay on as chairman.

    | Jun. 20, 2011, 9:54 AM
  • May 31, 2011, 8:48 AM

    South Africa approves Wal-Mart's (WMT +0.4%) $2.4B bid for retailer Massmart (MMRTY.PK) without conditions on local procurement that could have led to Wal-Mart abandoning the deal. Unions, though, had threatened the "mother of all boycotts" if the deal were approved. (previous)

    | May 31, 2011, 8:48 AM
  • May 30, 2011, 8:24 AM

    South Africa's competition regulator will tomorrow announce its decision on Wal-Mart's (WMT) $2.4B offer for 51% of local retailer Massmart (MMRTY.PK). Wal-Mart's bid is seen as a test case for major foreign investment in South Africa. (previous)

    | May 30, 2011, 8:24 AM
  • May 16, 2011, 11:41 AM

    Wal-Mart (WMT +0.5%) says it might walk away from its $2.4B Massmart (MMRTY.PK -0.5%) merger if South Africa imposes supplier conditions and worker rehires favored by its Competition Commission. The companies say they won't accept conditions, but are still sending trial balloons of possible voluntary pledges. (previously)

    | May 16, 2011, 11:41 AM | 1 Comment