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.

Julie Zhu

July 27, 2016

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.

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