LeEco Scraps Vizio Acquisition
Apr 10, 2017, 12:11 PM by Eric M. Zeman
LeEco today said it has canceled plans to acquire TV-maker Vizio. The company first announced the $2 billion acquisition last summer. "The merger agreement to acquire Vizio will not proceed due to regulatory headwinds," said the company in a prepared statement. "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." Moving forward, Vizio has agreed to add LeEco's video apps and content to its own smart television sets. After quickly ramping up several major businesses, including TVs and smartphones, LeEco ran into cash problems and has since scaled back some of its plans. The company continues to offer the unlocked Le Pro3 and S3 to U.S. consumers online.
The LePro3 from LeEco is a flagship-class device that costs hundreds of dollars less than today's top phones, and yet it delivers almost-as-good performance. This unlocked Android Marshmallow smartphone works on AT&T and T-Mobile's LTE 4G networks and carries a bevy of video content apps.
LeEco's S3 smartphone is one of two handsets the Chinese company hopes will entice US buyers to take a chance on the brand. The S3 combines a metal chassis and mid-range specs with lots of video software to make for an affordable content-consumption machine.
Feb 23, 2017
LeEco today gave its Le Pro3 and Le S3 smartphones an app drawer. The company is pushing the latest build of its Ecosystem User Interface to the Le Pro3 and Le S3, and the update includes a handful of new features.
Jan 11, 2017
LeEco has struck a distribution deal with Target and is now selling its Pro3 (pictured) and S3 handsets via Target's web site. The two phones are available online for $400 and $250, respectively, and are sold unlocked.
Oct 19, 2016
LeEco today quickly showed off the S3 smartphone during an event in San Francisco. This affordable handset boasts a unibody metal design and comes in gold, gray, and rose gold.