After saying plans to buy the corporate in February, Walmart has formally closed on its cope with Vizio, shopping for out the TV maker for over $2 billion, and it’s all about advertisements.

Walmart confirmed in February that it deliberate to purchase Vizio for $2.3 billion. The acquisition targeted in closely on Vizio’s SmartCast working system and the “new methods” it might current Walmart to “create new alternatives to assist advertisers join with clients” in addition to delivering extra “in-home leisure and media experiences.”

That deal has now closed, that means that Walmart now formally owns Vizio outright.

In a press launch saying the deal closure, Walmart makes its plans fairly clear, explaining:

The acquisition of VIZIO and its SmartCast Working System permits Walmart to serve its clients in new methods to boost their buying journeys. It is going to additionally deliver to market new and differentiated methods for advertisers to meaningfully join with clients at scale and enhance product discovery, serving to manufacturers obtain higher impression from their promoting investments with Walmart Join – the corporate’s retail media enterprise within the U.S.

In different phrases, Walmart plans to make use of the acquisition of Vizio to ramp up its promoting alternatives going ahead by the SmartCast platform. Walmart plans to pair SmartCast with Walmart Join, its retail media enterprise, which it says will “be impactful and permit us to spend money on our enterprise even additional on behalf of our clients.”

Modifications to present Vizio TVs stay unclear in the interim.

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