The deal between Vizio and LeEco cancelled
Recently, we reported that the acquisition of LeEco company Vizio for $ 2 billion is under threat. Given the financial problems experienced by the Chinese company, maybe she was on hand.
Now it became known that the deal cancelled and will not be implemented in the foreseeable future. But the company will continue the cooperation by implementing apps and content in LeEco platform Vizio. Also in the framework of cooperation products the latter will appear on the Chinese market.
The reason for the failure of the transaction referred to regulators. Previously it was reported that Chinese regulators had not approved the deal. Apparently to circumvent the ban did not work either LeEco in the end did not want to look for solutions to problems.