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Walmart is planning to acquire TV maker Vizio in a deal valued at approximately $2.3 billion. Rumors of the deal emerged last week, and now the retail giant says the acquisition is official and ...

“Our advertising business across markets increased 50%, including Vizio. Walmart Connect in the U.S., which doesn’t include Vizio, grew 31%. Sam’s Club U.S. ad business was up 21%, and we saw 20% ...

Walmart is buying the smart TV maker Vizio for $2.3 billion as it attempts to expand its rapidly growing advertising business to compete with Amazon. If completed, the deal would give Walmart ...

After announcing plans to purchase the company in February, Walmart has officially closed on its deal with Vizio, buying out the TV maker for over $2 billion, and it’s all about ads.

Vizio, founded in 2002, currently has over 18 million active user accounts on its SmartCast TV operating system, which also offers ad-supported programming.

Vizio shares jumped nearly 15% in the afternoon, to $10.96 per share. Walmart, which reported sales and profit Tuesday that topped Wall Street’s expectations, rose 3.1% to $175.66 per share.