VIZIO Holding (VZIO) has released an update.
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In a significant move in the retail and technology sectors, VIZIO Holding Corp. has entered into a merger agreement with Walmart Inc., where VIZIO will merge with a Walmart subsidiary, becoming a wholly-owned subsidiary of the retail giant. The deal is sweetened for VIZIO shareholders, who will see their shares converted into a cash payout of $11.50 per share. The agreement has already been overwhelmingly approved by VIZIO stockholders, making the anticipated completion in the second quarter of 2024 a likely smooth process. This merger is poised to create a dynamic change in the landscape of consumer electronics and retail, with both companies looking to capitalize on strategic benefits.
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