Xconomy San Francisco

Wal-Mart Stores Acquires VUDU for Undisclosed Sum

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9465b958-2cf3-4775-ad88-c4e7cdd515e8&Preview=1
Date
2/22/2010
Company Name
VUDU
Mailing Address
2980 Bowers Ave Santa Clara, CA 95051
Company Description
VUDU is a revolutionary new product that will transform the way you get and watch movies. VUDU is instantaneous—no more driving to the video store, no more relying on the mail, no more waiting for downloads. VUDU is thousands of movies delivered directly to your TV. VUDU is freedom—it doesn’t require a PC and is independent of your cable or satellite TV service.
Website
http://www.vudu.com
Transaction Type
M&A
Transaction Amount
Undisclosed
Transaction Round
Proceeds Purposes
M&A Terms
VUDU, based in Santa Clara, Calif., will become a wholly-owned subsidiary of Walmart. The company is not disclosing financial terms of the agreement as the acquisition is not material to its first quarter earnings for fiscal year 2011.