VIZIO’s price tag: $2 billion, in a sale to China’s LeEco


CNET
By David Katzmaier
July 26, 2016

Chinese conglomerate LeEco just spent $2 billion to get its foot in the door of the US television market.

Along with Samsung, Vizio has been one of the two most-popular TV brands in the US over the last few years. Vizio TVs are among CNET's most-recommended models.

The news, rumored for the last couple of weeks, came from Vizio founder and CEO William Wang on stage at a joint press event in Hollywood. Vizio's hardware and software businesses will be owned and operated as a wholly owned subsidiary of LeEco, while the Vizio's data business, Inscape, will be spun off.

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