Home  ›  News  ›

LeEco Scraps Vizio Acquisition

Article Comments  

Apr 10, 2017, 12:11 PM   by Eric M. Zeman   @zeman_e

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.

Related

more news about:

LeEco
 

AD

Comments

This forum is closed.

This forum is closed.

No messages

 
 
Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Subscribe to Phone Scoop on YouTube Follow on Instagram

 

All content Copyright 2001-2020 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.