Tuesday, February 20, 2024

Walmart To Pay $2.3 Billion For Vizio

Retail giant Walmart will pay $2.3 billion for Irvine-based smart TV maker Vizio, the two companies announced today. According to the companies Walmart has agreed to pay $11.50 per share in cash for Vizio. The two specifically highlighted "new opportunities to help advertisers connect with customers" through Vizio's SmartCast Operating System (OS). According to Walmart, its Walmart Connect business "offers Walmart suppliers and sellers attractive opportunities to reach their desired customers no matter where, how, and when they shop."