Tuesday, 26 July 2016

LeEco acquires Vizio for $2 billion

Vizio has dabbled in the smartphone industry a bit, but its main business is in televisions and home sound equipment. And a growing Chinese tech power, LeEco, wants in on that.The company, known domestically as Letv, has bought the Irvine, California-based manufacturer for $2 billion. If the deal successfully closes (expected sometime in the fourth quarter), Vizio will operate as a subsidiary of ...

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from Pocketnow http://pocketnow.com/2016/07/26/leeco-acquires-vizio

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