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Technology

Ruben Circelli

Watch out Amazon! Walmart is buying smart TV maker Vizio for $2.3 billion

Walmart VIZIO Amazon Onn

Walmart signage on a building.

Walmart has announced in a press release that it intends to acquire TV maker Vizio for $2.3 billion. However, it seems the reason behind this purchase isn't purely down to the hardware...

According to executive vice president and chief revenue officer of Walmart U.S., Seth Dallaire, "We believe VIZIO’s customer-centric operating system provides great viewing experiences at attractive price points. We also believe it enables a profitable advertising business that is rapidly scaling."

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