VIZIO HoldingNYSE: VZIO

Government regulators are currently investigating Walmart's acquisition of Vizio, a smart television manufacturer. The Federal Trade Commission is reviewing the $2.3 billion merger, according to a filing by Vizio on Tuesday.

Vizio stated on Tuesday that the U.S. Federal Trade Commission has requested additional information from both Vizio and Walmart regarding their planned $2.3 billion agreement.

VIZIO Holding Corp. (NYSE: VZIO) will be reporting its financial results for the first quarter of 2024 on May 8 after the market closes. The results will be shared in a shareholder letter with financial information on the VIZIO Investor Relations website. Due to the upcoming transaction with Walmart, there will be no earnings conference call or financial guidance provided. For further details or access to additional information, please visit the website.

Walmart expects to refile forms about its planned acquisition of smart television maker Vizio Friday (March 29).

The headline numbers for VIZIO Holding Corp. (VZIO) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

With the move, the big-box retailer is pushing deeper into the world of advertising.

No stranger to major acquisitions, Walmart (NYSE: WMT ) shook Wall Street earlier this week when it announced that it was buying television manufacturer Vizio (NYSE: VZIO ). However, Senator Elizabeth Warren aims to put the deal under a regulatory spotlight.

Walmart will acquire Vizio for $2.3 billion. News of the deal broke last week.

Earlier this week, Walmart WMT , the largest U.S. company by revenue with $648 billion in sales last year, announced the acquisition of Vizio Holding Corp., one of the largest manufacturers of web enhanced “smart” television sets. The cash deal has been valued at about $2.3 billion.