How Walmart's VIZIO Buyout Reflects Its Digital Retail Vision
Walmart(WMT) ZACKS·2024-12-04 23:35
Taking a bold step toward integrating technology and retail, Walmart Inc. (WMT) has concluded its acquisition of VIZIO, which is a leading player in the connected entertainment and smart TV space. VIZIO will become a wholly owned subsidiary of Walmart, with its operations forming part of the Walmart U.S. segment.This deal, worth $2.3 billion, is likely to reshape how Walmart engages with customers and advertisers. However, the transaction is likely to cause slight earnings per share dilution for Walmart in ...