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Walmart Closes $2.3 Billion Acquisition of Vizio
Walmart closed its $2.3 billion acquisition of TV maker Vizio, a move by the retailing giant to expand its advertising business.
Walmart announced the completion of its $2.3 billion all-cash acquisition of TV maker Vizio, a move by the retailing giant to expand its advertising business. William Wang will continue to lead Vizio as CEO, reporting to Seth Dallaire, executive VP and chief growth officer of Walmart U.S. Vizio has “always put customers at the center of their business — and that’s core to Walmart’s values and the omnichannel experiences we’re excited to roll out,” Dallaire said in announcing the closing of the deal.
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