Walmart's Proposed $2.3 Billion Purchase Of Vizio: Here's What We Know
The merger would “redefine the intersection of retail and entertainment,” according to a Walmart executive.
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The merger would “redefine the intersection of retail and entertainment,” according to a Walmart executive.
Walmart, Inc. (WMT) and VIZIO Holding Corp. (VZIO) announced Tuesday they have entered into an agreement for Walmart to acquire VIZIO for $11.50 per share in cash, equating to a fully diluted equity value of approximately $2.
It's a huge bet ostensibly on the smart TV market, though the real play here is the opportunity to generate more advertising dollars.
Walmart announced on Tuesday that it will purchase smart television maker Vizio and its operating system for $2.3 billion.
Walmart has acquired all of Vizio's business