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Walmart Eyeing Deal to Buy Vizio for More Than $2 Billion: Report
Walmart is in talks to acquire Vizio, a leading low-cost TV brand, in a deal worth more than $2 billion, the Wall Street Journal reported.
Retail giant Walmart is in talks to acquire Vizio, which sells a popular line of value-priced smart TVs that include an ad-supported free streaming service, in a deal worth more than $2 billion, the Wall Street Journal reported. “Logically, a purchase of Vizio would allow Walmart to prioritize their products over competing low-end sets” like those from TCL or Hisense,” MoffettNathanson analyst Michael Nathanson wrote in a research note. Last week, Vizio announced a significant expansion of its WatchFree+ streaming service, which now includes more than 300 channels, 15,000 on-demand titles and expanded studio content partnerships with Warner Bros.
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