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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.
Walmart (WMT) spread strong optimism by reporting robust fourth-quarter fiscal 2024 results, providing a big boost to its annual dividend and unveiling the $2.3 billion takeover of smart TV maker Vizio (VZIO).
In a surprising turn of events, the stock of Israeli-based medical device company Nano-X Imaging (NASDAQ: NNOX) made a massive rally after technology giant Nvidia (NASDAQ: NVDA) disclosed its positions, and experts see more advances for NNOX stock price in the next 12 months.
Walmart announced Tuesday it is buying smart-TV maker Vizio in a $2.3 billion acquisition aimed at boosting the retailer's growing advertising business.
Roku will face major challenges as retail giant Walmart moves to buy smart TV maker Vizio, analysts say.
Walmart (WMT) beats on earnings and announces a deal to buy Vizio (VZIO). Jenny Horne discusses this along with Home Depot's (HD) earnings.
Shares of Walmart (WMT) move higher Tuesday morning after the big-box retailer posted fourth-quarter earnings results, showing quarterly revenue gains of 6% compared to the previous year. This figure was further supported by a 23% gain in e-commerce sales.
Walmart announced Tuesday it will buy smart television maker Vizio for $2.3 billion, boosting the retail giant's advertising venture as growth slows in its legacy business from the pandemic boom.