Tuesday July 26, 2016

China's LeEco Acquires VIZIO For $2B

This deal could be good and it could be bad, I guess it all depends on how you look at the situation. My immediate thought is that a Chinese company buying an American privately held company kinda sucks. What are your thoughts?

Based in Irvine, CA and founded in 2002, VIZIO is a leading consumer electronics brand in North America, with #1 unit share in Smart TVs1 and #1 unit share in Sound Bars2. The company is focused on delivering the ultimate home entertainment experience through its ecosystem of hardware, software and services. The acquisition benefits both companies with VIZIO offering LeEco a steady install base of users and a brand that is both popular and successfully distributed throughout major North American retail channels. LeEco provides VIZIO immediate global scale to bring its innovations to consumers worldwide. Like LeEco, VIZIO shares a similar vision of creating premium products with the latest innovations and making them accessible for everyone آ– from budget-minded students to custom home theater cinephiles آ– without sacrificing quality or performance.