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Walmart Buys TV Maker Vizio For $2.3 Billion

Walmart has agreed to purchase TV maker Vizio for $2.3 Billion. Walmart is reportedly said to be particularly interested in expanding its advertisement business with the acquisition. Walmart’s ad business is reported to have higher profit margins than its groceries business. Increased revenues from Walmart’s ad business could help it properly compete with retail rival, Amazon.

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