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.
For further insights into VZIO stock, check out TipRanks’ Stock Analysis page.