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VIZIO Holding Corp. (VZIO)
Pre-market:
- Business Wire
VIZIO Unveils Full Suite of New Dolby Atmos Soundbars
IRVINE, Calif., May 01, 2024--VIZIO Unveils Full Suite of New Dolby Atmos Soundbars
- Reuters
US FTC seeks additional information on Walmart and Vizio's $2.3 billion deal
U.S. lawmakers have sought for an increased scrutiny from the FTC on many multi-billion dollar deals that might risk higher prices and affect consumers. Walmart had proposed to buy Vizio for $11.50 per share in cash in February, in another bet on the retailer's fast-growing U.S. advertising business, Walmart Connect, and gaining access to Vizio's SmartCast operating system, which streams ad-supported content on its devices.
- Reuters
UPDATE 1-US FTC seeks additional information on Walmart and Vizio's $2.3 bln deal
The U.S. Federal Trade Commission has asked for more information from Vizio and Walmart regarding their proposed $2.3 billion deal, the smart-TV maker said on Tuesday. Walmart had proposed to buy Vizio for $11.50 per share in cash in February, in another bet on the retailer's fast-growing U.S. advertising business, Walmart Connect, and gaining access to Vizio's SmartCast operating system, which streams ad-supported content on its devices. The big-box retailer had said in March it had notified two U.S. antitrust agencies it would withdraw and refile a certain review application for its planned acquisition of Vizio, to give the regulators more time to review the deal.
