Walmart to buy TV maker Vizio for $2.3 billion in move to grow its ad business
Posted on AllSides February 20th, 2024
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Vizio televisions are displayed at a store on February 13, 2024 in San Rafael, California. Walmart has agreed to buy TV maker Vizio , the companies announced Tuesday, as the largest U.S. retailer grows its high-profit ad business. Walmart will acquire Vizio for $2.3 billion, or $11.50 per share, in cash. Vizio shares, which spiked after reports of the deal first emerged last week, closed at $9.53 on Friday. The big-box retailer announced the acquisition as it reported fourth-quarter earnings. Walmart and its Sam's Club warehouse chain have long been...
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