Walmart reportedly in talks to acquire Vizio, a smart TV manufacturer, for over $2 billion.

Walmart is reportedly in talks to acquire smart TV manufacturer Vizio for over $2 billion, according to the Wall Street Journal. The acquisition could potentially bolster Walmart's ability to sell ads on more devices through its retail media advertising business, Walmart Connect. Vizio shares surged 25% after the news broke, bringing the company's market capitalization to around $1.9 billion.

February 13, 2024
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