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Walmart to acquire TV maker Vizio for US$2.3 billion

Walmart has agreed to buy TV maker Vizio, the companies announced on Tuesday, February 20th, 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. The big-box retailer announced the acquisition as it reported its fourth-quarter earnings. Vizio shares, which spiked after
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