Credit: Walmart
- Walmart has announced that it will acquire TV maker Vizio in a deal worth $2.3 billion.
- The company will also acquire Vizio’s SmartCast OS for TVs as a result of this agreement.
- This theoretically opens the door to Walmart’s TVs and streaming boxes running Vizio’s platform.
Walmart is already a significant player in the TV business, offering its cheap in-house Onn TVs and its own TV boxes. Now, the company has stepped up its game in a big way as it’s just announced the acquisition of TV brand Vizio.
Walmart announced the acquisition of Vizio in a joint press release, confirming that this was a deal worth $2.3 billion.