Walmart Is in Talks to Buy TV Maker Vizio, WSJ Reports (2)

Walmart Inc. is in talks to the buy TV maker Vizio Holding Corp. for more than $2 billion, the Wall Street Journal reported, citing people familiar with the situation.

Discussions are ongoing and a deal may not materialize, the Journal reported. Walmart and Vizio declined to comment.

Shares of Vizio, which makes smart TVs, home theater displays and sound bars, jumped 25% at the close of trading in New York, with gains continuing during after-hours trading. The advance brought the Irvine, California-based company’s market capitalization to about $1.9 billion. Walmart shares slipped less than 1%.

The acquisition of a ...