A worker walks past televisions, including the Vizio brand, on display in a Walmart Supercenter on February 20, 2024, in Hallandale Beach, Florida. Joe Raedle | Getty Images Walmart is doing some shopping of its own. The retail giant announced last week that it plans to buy smart TV maker Vizio in a $2.3 billion … Read more
After Walmart‘s earnings report impressed Wall Street on Tuesday, CEO Doug McMillon told CNBC’s Jim Cramer that his company has unique advantages in the advertising space. “When you grow your digital reach, and you’ve got an e-commerce business that’s scaling like ours is,” McMillon said, “You get an opportunity to sell advertisements, and we can … Read more
Vizio televisions are displayed at a store on February 13, 2024 in San Rafael, California. Justin Sullivan | Getty Images Walmart has agreed to buy TV maker Vizio, the companies announced Tuesday, as the largest U.S. retailer grows its high-profit ad business. Walmart will acquire Vizio for $2.3 billion, or $11.50 per share, in cash. … Read more
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