Cable giant Comcast has approached Vizio Holding Corp. (NYSE: VZIO) in Irvine and other TV makers about a possible acquisition, tech-focused website Protocol.com said, quoting three sources whom it didn’t name.
Comcast has been considering the purchase of a TV-maker to “bolster its nascent smart TV platform efforts,” Protocol said.
A Vizio spokesperson said the company had no comment on the Protocol report.
Vizio was founded by OC entrepreneur William Wang and has been expanding into digital media.
Shares in Vizio fell 7.1% to $9.06 apiece to $1.7 billion.