Partners Rick Climan, Global Head of Tech M&A, Jane Ross, Office Managing Partner of the Silicon Valley office, and Katherine Keeley are leading the Hogan Lovells team in advising Walmart in its multi-billion dollar acquisition of VIZIO

Walmart has entered into an agreement to acquire VIZIO Holding Corp. for US$11.50 per share in cash, equating to a fully diluted equity value of approximately US$2.3 billion. The acquisition of VIZIO and its SmartCast Operating System (OS) would enable Walmart to connect with and serve its customers in new ways including innovative television and in-home entertainment and media experiences. The transaction is expected to further accelerate Walmart’s media business in the U.S., Walmart Connect, bringing together VIZIO's advertising solutions business with Walmart’s reach and capabilities.