Exclusive: Wal-Mart Paid $300 Million-Plus for Kosmix

According to sources close to the situation, retail giant Wal-mart paid just over $300 million in cash for Kosmix, an acquisition announced earlier today.

That's a big price for the six-year-old Mountain View, Calif.-based company, which has built a social media platform that organizes content by topic and had raised $55 million from a large group of Silicon Valley venture firms.

Dominique Swain Jamie Chung Alicia Witt Radha Mitchell Melissa Rycroft