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Walmart's announced acquisition of Vizio presents dangers to consumers and competition. Encouraged to see the FTC will investigate following a letter I sent with my colleagues @RepAOC, @RepCasar, @RepBonnie, @RepSummerLee, @RepBowman, @RepJayapal, and @RepKatiePorter.
US FTC seeks additional information on Walmart and Vizio's $2.3 bln deal https://t.co/7ODfIBMq6n https://t.co/2YSDwgqqpX
Walmart’s deal to buy smart-TV maker Vizio will undergo an in-depth antitrust review by the FTC, Vizio said. https://t.co/j0ck6MCn6M
The Federal Trade Commission (FTC) is conducting an in-depth antitrust review of Walmart's proposed $2.3 billion acquisition of smart-TV maker Vizio. The FTC has requested additional information and documentary material from both companies to further assess the merger's implications on competition. This heightened scrutiny follows concerns raised by lawmakers about potential consumer and competitive harms. Amidst these developments, Vizio's stock has dropped by 2.8%, and there are indications that the FTC might block the deal.
