LeEco will not acquire TV maker Vizio as planned(bloomberg.com)
bloomberg.com
LeEco will not acquire TV maker Vizio as planned
https://www.bloomberg.com/news/articles/2017-04-10/chinese-giant-leeco-ends-plan-to-acquire-u-s-tv-maker-vizio
3 comments
There are going to be some fascinating stories from inside LeEco once it all falls apart. My guess is it was originally just supposed to be a shell to evade Chinese capital controls, but Jia started believing his own hype and the whole thing spun out of control.
Related FTC Fine on Vizio for $2.2 Million in Feb 2017: https://www.ftc.gov/news-events/press-releases/2017/02/vizio...
lol this co is DONE