LeEco Will Not Acquire VIZIO After All

By |


vizio-logo.jpgLeEco has informed us that its acquisition of VIZIO is not going to happen, due to "regulatory headwinds." Last July, it was announced that LeEco, a major media conglomerate in China that has since entered the U.S. market with a line of UHD TVs and smartphones,�had aqquired VIZIO for $2 billion. Below is the statement we received from a LeEco representative.

From LeEco
LeEco Global Group Ltd. and VIZIO Inc. announced today that the merger agreement to acquire VIZIO will not proceed due to regulatory headwinds. We continue to believe that there is great synergy between the two companies, and are pleased to announce that LeEco and VIZIO have reached an agreement that is a win for both companies.

Under the new agreement, LeEco and VIZIO will continue to explore opportunities to incorporate the Le app and content within the VIZIO connected CE platform, and engage in a collaborative partnership to leverage LeEco's EUI (Ecosystem User Interface) platform, along with the brand's exclusive content and distribution channels, to bring VIZIO products to the China market.

Additional Resources
VIZIO Acquired by China-Based LeEco for $2 Billion at HomeTheaterReview.com
LeEco Enters U.S. TV Market at HomeTheaterReview.com.


  • Comment on this article

Post a Comment
comments powered by Disqus

Latest News

Feb 11
RBH Sound Announces Anniversary Edition SVTRS Speaker System At this past weekend's 2020 Florida Audio Expo in Tampa, RBH Sound debuted its new forty-fifth anniversary SVTRS Limited Edition...
RBH Sound Announces Anniversary Edition SVTRS Speaker System

Jan 29
Roku Adds Surround Sound Capabilities to Its Smart Soundbars Roku has added wireless surround sound capabilities to its Smart Sound Bar.
Roku Adds Surround Sound Capabilities to Its Smart Soundbars

Jan 23
SVS Updates Bill of Rights with New Price Protection Policy SVS's new Bill of Rights ensures that if the price of a product drops within 60 days of purchase, the company will automatically refund the price difference.
SVS Updates Bill of Rights with New Price Protection Policy

Jan 22
Theory Audio Design Speaker Systems Now Shipping The first seven models, including a multi-purpose loudspeaker, two subs, and three soundbars are now available worldwide.
Theory Audio Design Speaker Systems Now Shipping

Jan 08
Definitive Technology Adds Demand Series Tower Speakers and Center Channel At this week's CES in Las Vegas, Definitive Technology added three new speakers to its Demand Series speaker lineup: the...
Definitive Technology Adds Demand Series Tower Speakers and Center Channel