Walmart in talks to buy Vizio for more than $2 billion, WSJ reports By Reuters

© Reuters. Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski/File Photo

(Reuters) -Walmart is in talks to buy smart television-manufacturer Vizio for more than $2 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Shares of Vizio jumped 36% after the report, while Walmart (NYSE:)’s shares were down about 1%.

Vizio did not immediately respond to a request for comment.

by : Reuters

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