If you own a Vizio TV, don’t be surprised to encounter more ads. On Tuesday, Walmart closed its deal to buy Vizio for $2.3 billion in an effort to become a larger player in advertising. Walmart originally announced its plan to buy US-based Vizio in February,

Walmart closed its $2.3 billion acquisition of TV maker Vizio, a move by the retailing giant to expand its advertising business.

Vizio (NYSE:VZIO) shares were halted on Tuesday as the TV maker's planned sale to Walmart (WMT) closed. The merger was deemed effective, according to a headline on Bloomberg from the NYSE. Walmart (WMT) agreed in February to acquire TV maker Vizio (VZIO) for $11.