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.

Wal-Mart Acquires Kosmix to Move Into Social and Mobile

Wal-Mart is buying Kosmix, a Mountain View, Calif.-based company that has built a social media platform that organizes content by topic.

Tussle in Brussels: The EC’s Oracle-Sun Hearing, End Game

Looks like Oracle has managed to ease European regulators’ antitrust concerns over its $7 billion acquisition of Sun–perhaps even enough for them to approve the thing. This morning, Oracle and the European Commission both said they have had “constructive discussions” about the company’s plans for Sun and, more specifically, its open-source MySQL database software.
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Motorola Discontinues ZANDR

Looks like Ed Zander has a new title for that book he once joked about writing–“I Lost My Job. I Hate My Customers.” On Friday, Motorola said that Zander would turn over the job of chief executive to President Greg Brown on Jan. 1. “It was a tough decision because I love the job,” said [...]

The Tech 10: Google's Wireless Bid, Facebook's Cash Flow and Motorola's Mojo

Auction Action: Confirming the expected, Google announced today that it would indeed apply to bid for wireless spectrum in the Federal Communications Commission auction in January. … Facebook Gets a $60 Million Infusion… Hong Kong mogul Li Ka-shing has invested $60 million in Facebook. … Rise and Fall of Motorola Magnate: Ed Zander, CEO of the electronics manufacturer whose mojo with the Razr cellphone brought the company big gains, is resigning.

The Tech 10: Google’s Wireless Bid, Facebook’s Cash Flow and Motorola’s Mojo

Auction Action: Confirming the expected, Google announced today that it would indeed apply to bid for wireless spectrum in the Federal Communications Commission auction in January. … Facebook Gets a $60 Million Infusion… Hong Kong mogul Li Ka-shing has invested $60 million in Facebook. … Rise and Fall of Motorola Magnate: Ed Zander, CEO of the electronics manufacturer whose mojo with the Razr cellphone brought the company big gains, is resigning.

Motorola Gets Yahooed

Eric Jackson, the effectively noisy shareholder advocate who prodded Terry Semel to leave Yahoo as CEO at its annual board meeting just days before he did, is now targeting Motorola and its CEO Ed Zander. While Jackson runs a small operation, he uses his Web site, YouTube videos, posting to wikis and other online tools [...]