Wal-Mart Stores Acquires VUDU for Undisclosed Sum
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Feed Type
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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
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Proceeds Purposes
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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.
