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Walmart to acquire Vizio in $2.3 billion deal
Walmart will own smart TVs for its retail stores.
Rumors of the deal emerged last week, and now the retail giant says the acquisition is official and part of a move to boost its ad business. That type of software differentiation will be important as Vizio continues to compete against rivals like Hisense, TCL, and budget-priced Roku TVs. By bringing our capabilities and resources together, we’ll drive innovation and create even more value for our customers,” says Vizio CEO William Wang.
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