Published On: April 12, 2017

LeEco Will Not Acquire VIZIO After All

Published On: April 12, 2017

LeEco Will Not Acquire VIZIO After All

LeEco 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...

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.

Subscribe To Home Theater Review

You'll automatically be entered in the HTR Sweepstakes, and get the hottest audio deals directly in your inbox.
© JRW Publishing Company, 2020
magnifiercross linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram