Walmart agrees to acquire TV maker Vizio for $2.3B, or $11.50/share, to boost its ad business via Vizio's SmartCast OS, which lets users stream content with ads (Jacob Pramuk/CNBC)

Jacob Pramuk / CNBC:

Walmart agrees to acquire TV maker Vizio for $2.3B, or $11.50/share, to boost its ad business via Vizio’s SmartCast OS, which lets users stream content with ads  —  – Walmart is buying TV maker Vizio for $2.3 billion in cash.  — The move is a bid to boost the big-box retailer’s high-margin ad business.