Walmart to buy TV maker Vizio for $2.3 billion in move to grow its ad business
Publishing timestamp: 2024-02-20 10:04:24
Summary
Walmart is buying TV maker Vizio for $2.3 billion in cash to boost its high-margin ad business. The acquisition will allow Walmart to expand its media business and compete with Amazon's growing ad segment.
Sentiment: POSITIVE
Keywords: breaking news: business, vizio holding corp, earnings, united states, retail industry, walmart inc, business news, media,
Source: https://www.cnbc.com/2024/02/20/walmart-agrees-to-buy-vizio-to-grow-ad-business.html