Proving once again how serious it is about making it big in the US market, Chinese tech company LeEco has announced that it is acquiring Vizio, the American TV maker. The deal is worth around $2 billion, and insures an instant foothold for LeEco into the US TV market, what with Vizio being a key player there. Despite the new ownership, Vizio will be operated as a separate entity, a wholly-owned subsidiary of LeEco. The Vizio brand will live on, as you might have expected given LeEco's non-existent recognition in the States. It will be interesting to see whether LeEco will decide to use the...
Source: http://www.gsmarena.com/leeco_buys_vizio_for_2_billion-news-19625.php
