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Walmart to buy TV maker Vizio for $2.3 billion in move to grow its ad business

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Walmart to buy TV maker Vizio for $2.3 billion in move to grow its ad business

A customer stands near Vizio televisions on display in a Walmart Supercenter on February 20, 2024 in Hallandale Beach, Florida. 

Joe Raedle | 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. The big-box retailer announced the acquisition as it reported its…

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