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Article Summary
- Walmart has officially closed its acquisition of Vizio
- The deal was initially announced in April
- Vizio will continue to operate as a separate entity within Walmart
- Walmart aims to expand its reach in the electronics market with this acquisition
- The acquisition is seen as a strategic move by Walmart to compete with other tech giants Tone: Informative and business-focused
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Walmart Closes $2.3 Billion Acquisition Of Vizio
Walmart announced the completion of its $2.3 billion all-cash acquisition of TV maker Vizio, a move by the retailing giant to expand its advertising business. The closing of the deal follows the expiration of the waiting period under federal regulations. Walmart announced the deal to buy Vizio in February 2024. Walmart said the acquisition of […]
https://variety.com/2024/digital/news/walmart-clos...
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