By Ben GlickmanShares of television-maker Vizio Holdings popped after The Wall Street Journal reported Walmart was in talks to acquire the company. Retail giant Walmart, historically Vizio's largest customer, is in talks to buy the company for more than $2 billion, according to people familiar with the situation. Vizio is also the largest television brand sold at Walmart by sales. The potential deal would provide a boost to Walmart's advertising business, which is in stiff competition with that of Amazon. Walmart shares were down 1% to $168.54 in afternoon trading.

Source: Wall Street Journal February 13, 2024 21:07 UTC