LeEco’s Acquisition of Vizio Officially Called Off – Variety (Apr 10, 2017)
There have been several signs that this acquisition wasn’t going smoothly, starting late last year when the companies said it wouldn’t close until 2017, pushing back the original close date, and continuing recently. The official reason for the collapse of the deal is regulatory headwinds, and supposedly tighter restrictions on getting Chinese capital out of the country, though of course LeEco has recently had a tough time getting money out of China to pay salaries in the US too, and that had nothing to do with regulatory barriers, so it’s possible that the real reason is some combination of factors. At any rate, what was to have been by far LeEco’s most prominent product and brand here in the US now won’t be, and it’ll have to fall back on its other, much less well known, products instead, giving it even more of an uphill climb in penetrating the US market.
via Variety
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