LeEco buys Vizio for $2b

AFP, WASHINGTON: Chinese tech giant LeEco led by billionaire Jia Yueting announced a deal Tuesday to buy US television manufacturer Vizio for $2 billion.
The deal expands the US presence for the company, formerly known as Letv, which operates a streaming television service, makes smartphones and other electronics, and has been working on research for autonomous cars.
"LeEco believes in breakthrough technologies, a complete ecosystem and disruptive pricing," Jia, the founder and chief executive of LeEco, said in a statement.

 

LeEco buys Vizio for $2b

AFP, WASHINGTON: Chinese tech giant LeEco led by billionaire Jia Yueting announced a deal Tuesday to buy US television manufacturer Vizio for $2 billion. The deal expands the US presence for the company, formerly known as Letv, which operates a streaming television service, makes smartphones and other electronics, and has been working on research for autonomous cars. LeEco believes in breakthrough technologies, a complete ecosystem and disruptive pricing, Jia, the founder and chief executive of LeEco, said in a statement.