Monday, April 18, 2011

Bezos Gets Exit At Kosmix

Jeff Bezos, the founder of Amazon.com, has scored an exit at social media firm Kosmix, after Walmart said it would acquire the startup. Bezos, has been an investor in Kosmix since at least 2008 via his investment firm, Bezos Expeditions. Financial details of the acquisition were not disclosed. The founders of Kosmix, which is based in Silicon Valley, had sold their last startup, Junglee to Amazon in 1998.