Walmart $2.3 Billion Acquisition of Vizio: Revolutionizing the Intersection of Retail and Entertainment
In a strategic move to bolster its advertising and media business, Walmart has announced its plan to acquire Vizio, a prominent television manufacturer, for a staggering $2.3 billion. This acquisition is expected to provide Walmart with access to Vizio's SmartCast Operating System, along with its 18 million active accounts. With this groundbreaking deal, Walmart aims to redefine the intersection of retail and entertainment, positioning itself as a formidable competitor against rivals like Amazon.
Vizio, widely recognized for its high-quality television sets, has made a significant impact on the market. However, its influence extends far beyond hardware. Vizio's SmartCast Operating System, which comes integrated into every Vizio TV set, has gained immense popularity, boasting over 18 mil...