09:48 AM EST, 12/03/2024 (MT Newswires) -- Walmart ( WMT ) said Tuesday that it has completed its acquisition of television manufacturer Vizio ( VZIO ) .

Under the terms of the deal announced in February, Walmart ( WMT ) acquired Vizio ( VZIO ) and its SmartCast operating system for $11.50 per share in cash for an equity value of about $2.3 billion. Walmart ( WMT ) said it expects the acquisition to be slightly dilutive to fiscal Q4 and fiscal 2026 earnings per share.

With the completion of the acquisition, Vizio ( VZIO ) is now a wholly owned subsidiary of Walmart ( WMT ) and its shares will no longer trade on the New York Stock Exchange as of the close of trading Tuesday, Walmart ( WMT ) said.

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