Walmart buying TV-brand Vizio for its ad-fueling customer data

Walmart buying TV-brand Vizio for its ad-fueling customer data

8 months ago
Anonymous $6hYC3Wwiad

https://arstechnica.com/gadgets/2024/02/walmart-buying-tv-brand-vizio-for-its-ad-fueling-customer-data/

Walmart announced an agreement to buy Vizio today. Irvine, California-based Vizio is best known for lower-priced TVs, but its real value to Walmart is its advertising business and access to user data.

Walmart said it's buying Vizio for approximately $2.3 billion, pending regulatory clearance and additional closing conditions. Vizio can also terminate the transaction over the next 45 days if it accepts a better offer, per the announcement.