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Dubai News Club > Tech > Walmart bought Vizio
Tech

Walmart bought Vizio

Press Room
Last updated: 2024/12/03
Press Room
Published: December 3, 2024
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After announcing plans to acquire Vizio in February, Walmart officially owns the company after the $2.3 billion transaction closed on Tuesday. The retail giant says the acquisition will help bolster its advertising business, as Platform Plus — the TV-maker’s advertising and data division — “accounts for all the company’s [Vizio’s] gross profit.”

The deal has raised concerns among privacy advocates, as Vizio has gotten in trouble over advertising and data tracking in the past. In…

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