Walmart to acquire Vizio for $2.3 bn, sales outlook, dividend lift shares

Walmart forecast fiscal 2025 sales above Wall Street expectations on Tuesday and said it would buy smart-TV maker Vizio for $2.3 billion.

Shares in the US retail giant rose 3 per cent in premarket trading after it also announced its biggest dividend increase in more than a decade.

Walmart proposed to buy Vizio for $11.50 per share, a premium of 47 per cent to the company’s closing price of $7.82 as of Feb. 12, the day before reports about deal talks emerged. Vizio shares were up about 15 per cent at $10.96 in premarket trading on Tuesday.