Walmart will use cash or debt to acquire Vizio, but no financing condition

Chicago, Feb. 20 – Walmart Inc. will be acquiring Vizio Holding Corp. for a cash acquisition price of $11.50 per share, or a fully diluted equity value of approximately $2.3 billion, according to a press release.

To finance the transaction, Walmart will use either cash or debt, but the merger is not subject to a financing condition.

The transaction is subject to regulatory clearance. Closing is expected in the second calendar quarter of 2024.

Vizio’s board of directors has unanimously approved the transaction.

Walmart is a discount retailer is based in Bentonville, Ark. Vizio is an Irvine, Calif.-based in-home entertainment and media experience company.

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