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Walmart is buying TV maker Vizio in play for ad business

Walmart will acquire the television maker Vizio for $2.3 billion, the retail chain announced Tuesday. The retailer said in a press release that the acquisition of Vizio and its smart TV operating system, SmartCast, will help grow Walmart’s media business by “bringing together VIZIO’s advertising solutions business with Walmart’s reach and capabilities.” “There is a…

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