By Dean SealShares of Vizio jumped after Walmart said it would buy the television maker for $2.3 billion. Shares had already risen 24% year-to-date when the market closed last week. Walmart said Tuesday morning that it would pay $11.50 a share for Vizio, confirming a report from The Wall Street Journal last week that the two companies were in talks for a deal. Buying Vizio nets Walmart access to a TV operating system and more space to sell ads and viewership time. Write to Dean Seal at dean.seal@wsj.com(END) Dow Jones Newswires02-20-24 0811ET

Source: Wall Street Journal February 20, 2024 13:23 UTC