“Walmart to buy TV maker Vizio for $2.3 billion in move to grow its ad business”

“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. The big-box retailer announced the acquisition as it reported its fourth-quarter earnings.

Vizio shares, which spiked after reports of the deal first emerged last week, closed at $11.08 on Tuesday after another 16% pop…”

https://www.cnbc.com/2024/02/20/walmart-agrees-to-buy-vizio-to-grow-ad-business.html