Irvine TV maker Vizio files again for IPO after 2015 try
3 years, 9 months ago

Irvine TV maker Vizio files again for IPO after 2015 try

LA Times  

After the IPO, founder and Chief Executive William Wang will continue to control Irvine-based Vizio. Smart-TV maker Vizio Holding Corp., backed by affiliates of Taiwan-based Foxconn Technology Group, has filed again to go public, this time with a growing entertainment platform. For the record: An earlier version of this article said Vizio lost $102 million last year. The company had net income of $102 million on revenue of more than $2 billion last year, compared with $23 million in income on revenue of almost $1.8 billion in 2019, according to its filing. After the IPO, founder and Chief Executive William Wang will continue to control the company, Vizio said.

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Walmart to acquire smart TV maker Vizio for $2.3 billion in bid to boost its advertising business
10 months ago

Walmart to acquire smart TV maker Vizio for $2.3 billion in bid to boost its advertising business

Associated Press  

Walmart is buying the smart TV maker Vizio for $2.3 billion as it attempts to expand its rapidly growing advertising business to compete with Amazon. If completed, the deal would give Walmart access to Vizio’s SmartCast operating system, allowing the retail behemoth to offer its suppliers the ability to display ads on streaming devices. In its earnings release on Tuesday, …

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