Walmart buys smart TV set maker Vizio for $2.3 billion

Arkansas giant looks to expand ad business In a first, Bentonville, Ark.-based Walmart announced Tuesday it is purchasing set-maker Vizio in a $2.3 billion, $11.50 a share deal. Generally, most sets are manufactured outside of the United States, either in Japan or South Korea. Some retailers partner with a manufacturer to produce branded TV sets, such as Best Buy with […]