Smart TV maker Vizio Holding Corp. said today the Federal Trade Commission will review Walmart Inc.’s deal to buy the Irvine-based company.
Vizio disclosed in a regulatory filing that the companies on Monday received a so-called second request from the federal agency seeking additional information.
Such an in-depth review can lengthen the regulatory process by months or years, depending on the complexity of the transaction, Bloomberg News reported.
Walmart said in February that it agreed to buy Vizio for about $2.3 billion.
