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.

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 takeover, due to be completed in the fourth quarter of this year, is not only one of the television industry's largest-ever acquisitions but is also LeEco chairman Jia Yueting's latest foray ...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222