The deal between LeEco and Vizio is in jeopardy
Last year, the company LeEco actively penetrated new markets, joined new projects and have made a major transaction. For example, for $ 2 billion to buy the company Vizio.
However, at the end of last year it became known that LeEco too actively and recklessly spend money, causing them is almost over. In the end, this had an impact on the deal with Vizio. It was supposed to close at the end of last year, but due to financial problems LeEco completion is postponed. Then it became known that the transaction was not approved by the Chinese government.
To this was added a fine of $ 2.2 billion, which Vizio was ordered to pay the court for secret collection of data about users and their sale to third parties.
Thus, the transaction is currently in jeopardy, which, however, may be on hand in LeEco.