Walmart posts Q4 earnings beat, to buy Vizio in $2.3 billion deal

yahoo Finance

Investors are tuning into some retail dealmaking. Walmart (WMT) confirmed it will buy smart TV maker Vizio (VZIO) on Tuesday as it posted another strong quarter of sales growth amid a slight pullback by US consumers.

Telsey Advisory Group senior managing director Joe Feldman said the consumer data “is quite valuable” as Walmart looks to grow its ecosystem, especially its Walmart+ membership platform.

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