Vizio gains after report Walmart deal may close late this month, early December

Vizio Holding (NYSE:VZIO) edged higher by 0.8% after a report that Walmart (WMT) and the TV maker a targeting the deal to close around Thanksgiving or early December.

It’s possible the deal could close on Dec. 2, according to a CTFN report on Tuesday, which cited a source familiar with the parties’ thinking.

The latest update comes after CTFN reported early last month that the parties were targeting a mid-November close, which had been delayed from internal projections of an October finish.

Walmart (WMT) agreed in February to acquire TV maker Vizio (VZIO) for $11.50 per share in cash. In late April, Vizio and Walmart disclosed that they received a request for more information about the retailer’s planned acquisition from the Federal Trade Commission.

The second request came as some privacy and antitrust groups have asked regulators to look closely at the transaction. The groups are mainly concerned about Walmart’s (WMT) purchase of Vizio’s advertising network and the associated privacy and data worries connected to the acquisition.

Vizio (VZIO) is set to report Q3 results on Wednesday.