Walmart, a major retail chain in America, has announced the successful completion of acquiring Vizio, a TV manufacturing company, following the completion of the regulatory approval process. The acquisition of this TV manufacturer is not just about acquiring electronic devices; Vizio also has another business segment, which is the SmartCast operating system in TVs, with over 19 million users. Walmart sees this as a communication channel for marketing purposes for their business partners.
The plan to acquire Vizio was announced by Walmart in February with a deal worth $2.3 billion.
TLDR: Walmart has completed the acquisition of Vizio, a TV manufacturing company, incorporating their SmartCast operating system as a marketing communication channel.
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