The plan at the time was that the Vizio brand would stay alive in the United States, but that LeEco would be installing its proprietary software on each of the TVs from that point on. The acquisition was expected to close in the fourth quarter of 2016, and it was valued at $2 billion.
However, due to the “regulatory headwinds,” the acquisition of Vizio by LeEco has been cancelled altogether. Now the two companies have moved forward and struck a new deal.
LeEco and Vizio will “explore opportunities” to build out the Le app and its contents into the connected CE platform distributed by Vizio. The pair of companies will also be using exclusive content, distribution channels, and the LeEco Ecosystem User Interface to put more Vizio TVs into households in China.
What do you think? Bullet dodged?