Walmart said today it has completed its $2.3 billion acquisition of Irvine-based TV maker Vizio, in a move to boost the retail giant’s advertising business.
Vizio has become a wholly owned subsidiary of Walmart, and VIZIO’s Class A common stock will no longer be listed for trading on the New York Stock Exchange.
“Since the inception of Vizio, our mission has been to provide incredible value, great technology, and award-winning innovation,” said William Wang, CEO and founder of Vizio. “Today, with the tremendous number of resources from Walmart, we will continue to further accelerate that mission around the best home entertainment experience.”
For further details, see the Dec. 9 print edition.
