Walmart to acquire Vizio for $2.3 billion, sales outlook, dividend lift shares
Americans flocked to Walmart's stores to buy its low-priced and discounted products during the holiday season late last year.
Walmart proposed to buy Vizio for $11.50 per share, a premium of 47 per cent to the company's closing price of $7.82 as of Feb. 12, the day before reports about deal talks emerged. (Image credit: Reuters)