Chinese Tech Firm LeEco Announces Purchase of U.S. TV Maker VIZIO for $2 Billion
By Janko Roettgers
July 26, 2016
Chinese TV and phone maker LeEco is acquiring U.S. TV manufacturer Vizio in a all-cash deal valued $2 billion, both companies announced at an event in Los Angeles Tuesday. Vizio will continue to operate under its own brand as a wholly owned subsidiary of LeEco.
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