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IRVINE, Calif.--(BUSINESS WIRE)--VIZIO Holding Corp. (NYSE: VZIO) announced it will release financial results for the first quarter of 2024 on Wednesday, May 8, after market close. Results will be included in a shareholder letter with accompanying financial information that will be posted on the VIZIO Investor Relations website. Given the pending transaction with Walmart, VIZIO will not host an earnings conference call or provide financial guidance. For more information or to access additional.
Walmart expects to refile forms about its planned acquisition of smart television maker Vizio Friday (March 29).
The headline numbers for VIZIO Holding Corp. (VZIO) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
With the move, the big-box retailer is pushing deeper into the world of advertising.
No stranger to major acquisitions, Walmart (NYSE: WMT ) shook Wall Street earlier this week when it announced that it was buying television manufacturer Vizio (NYSE: VZIO ). However, Senator Elizabeth Warren aims to put the deal under a regulatory spotlight.
Walmart will acquire Vizio for $2.3 billion. News of the deal broke last week.
Walmart is buying Roku competitor Vizio for $2.3 billion. That deal will likely affect the long-standing partnership between Walmart and Roku.
Recently, Walmart (WMT) announced a $2.3 billion deal to purchase TV maker Vizio (VIZO) as a way to expand its digital advertising business. In response, shares of competitor Roku (ROKU) have begun to trade lower this week.
Walmart revealed to Progressive Grocer that it has entered into an agreement to purchase Vizio Holding Corp. for $11.50 per share in cash. That is approximately $2.3 billion in cash.
Earlier this week, Walmart WMT , the largest U.S. company by revenue with $648 billion in sales last year, announced the acquisition of Vizio Holding Corp., one of the largest manufacturers of web enhanced “smart” television sets. The cash deal has been valued at about $2.3 billion.