LeEco buys US TV maker Vizio for $2 billion

The takeover not only marks one of the largest acquisitions in the television industry but is also the latest foray of LeEco’s chairman Jia Yueting into the US market.

LeEco buys US TV maker Vizio for $2 billion

Chinese online entertainment and technology group LeEco has agreed to buy American smart television manufacturer Vizio in a $2 billion deal, underscoring the company’s growing ambition to penetrate the US market.

LeEco, formerly known as LeTV, said on Wednesday that it has acquired 100% of California-based Vizio plus 49% of Inscape Data Services, which collects and aggregates real-time consumer viewing data with software embedded in Vizio screens.

The...

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