Walmart Says It Will Buy TV Maker Vizio For $2.3 Bn

Walmart annnounced it will buy Vizio for $2.3 billion, touting it as an affordable advertising-funded streaming option that lets consumers watch for free (Credit: AFP)

Walmart announced Tuesday it will buy smart television maker Vizio for $2.3 billion, boosting the retail giant's advertising venture as growth slows in its legacy business from the pandemic boom.

With the all-cash purchase, the US shopping behemoth gains access to Vizio's more than 18 million accounts as another source of strengthened potential connection to those households.