Tuesday, July 26, 2016

LeEco just bought Vizio for $2 billion

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At a press conference in Los Angeles this morning, LeEco announced that it was acquiring the entirety of Vizio's hardware and software businesses for $2 billion. The acquisition, or at least an investment, had been rumored recently, but today it's official. Vizio will operate as a wholly-owned subsidiary of LeEco, meaning we can expect the Vizio brand to live on in the future, especially here in the US where Vizio is based.

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LeEco just bought Vizio for $2 billion was written by the awesome team at Android Police.



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