CrowdStar is a social gaming company that has just raised $23 million in a first round of funding led by Intel Capital and Time Warner Investments. CrowdStar will be using the funding to hire additional talent and globally expand.

Wal-Mart Stores, Inc. (NYSE:WMT) has acquired Kosmix for over $300 million according to a source with AllThingsD. Kosmix is a social media platform company that has raised $55 million in funding from Time Warner Investments, Accel Partners, Lightspeed Venture Partners, DAG Ventures, Bezos Expeditions, Jonathan Miller, and Ed Zander.

Simulmedia has raised $8 million from Time Warner Investments. Other investors include Avalon Ventures and Union Square Ventures. Simulmedia has raised a total of $12 million.