LeEco Backs Out of $2 Billion Vizio Acquisition

Chinese online video and consumer electronics upstart LeEco won’t be acquiring U.S. TV manufacturer Vizio after all: Both companies officially announced Monday that the deal is being called off “due to regulatory headwinds.” However, both companies still intend to work together in some capacity. From the statement: “Under the new agreement, LeEco and VIZIO will continue... Read more » Janko Roettgers