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Chinese Internet Company LeEco Acquires Vizio for $2 Billion

  • Deal is latest U.S. expansion by billionaire Jia Yueting
  • Flat-screen TV maker Vizio was planning an IPO in 2015
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Why LeEco Is Acquiring Vizio for $2 Billion

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LeEco Global Ltd. agreed to acquire Vizio Inc. for $2 billion as the Chinese technology conglomerate expands further in the U.S.

LeEco, affiliated with publicly-traded Leshi Internet Information & Technology Corp., will acquire all Vizio’s hardware and software operations, technology and intellectual property, according to a company statement Tuesday.