Apr 30, 03:50 PM

FTC Reviews Walmart's $2.3B Vizio Bid, May Block Deal Amid Stock Drop

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.

#Federal Trade Commission #FTC #Walmart #Vizio

Written with ChatGPT (GPT-4).