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NBCUniversal’s Fandango movie-ticketing and video-rental business has agreed to buy streaming service Vudu from Walmart Inc., a deal that comes as media giants look to offer free or low-cost alternatives for consumers who don’t want to pay for streaming subscriptions.
Walmart WMT, -1.71% , which acquired Vudu in 2010 for more than $100 million, said Monday that it signed the agreement to sell the service to Fandango. Terms of the deal, which will close in coming months, weren’t disclosed.
