{"id":338023,"date":"2017-04-11T01:08:06","date_gmt":"2017-04-10T17:08:06","guid":{"rendered":"http:\/\/techcrunch.com\/?p=1474927"},"modified":"2017-04-11T01:08:06","modified_gmt":"2017-04-10T17:08:06","slug":"leeco-will-not-acquire-tv-maker-vizio-as-planned","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/leeco-will-not-acquire-tv-maker-vizio-as-planned\/","title":{"rendered":"LeEco will not acquire TV maker Vizio as planned"},"content":{"rendered":"

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Chinese electronics giant LeEco will not acquire U.S.-based TV maker Vizio as announced, the two companies said today. The deal has been hitting roadblocks according to recent reports, and now it\u2019s officially ended as a result of \u201cregulatory headwinds,\u201d according to LeEco.<\/p>\n

The companies are quick to note that this isn\u2019t the end of the relationship between the two. There\u2019s a new agreement in place that will see the two \u201cexplore\u201d continued partnership around content, leveraging LeEco\u2019s network of available content via Vizio\u2019s connected app ecosystem and distribution platform.<\/p>\n

LeEco had originally planned to acquire Vizio for around $2 billion, first announced last summer. Even after a report revealed privacy issues around Vizio\u2019s data collection practices, and a resulting FTC charge, the deal was said to be still in progress<\/a>\u00a0as of February. The deal had \u201cstalled\u201d as of late March, however, \u201cpending regulatory approval.<\/a>\u201d<\/p>\n

The continued relationship between LeEco and Vizio will include bringing Vizio hardware to the Chinese market, LeEco says, but it\u2019s not yet talking about specifics regarding its path to making that happen.<\/p>\n

Developing\u2026<\/p>\n

Featured Image: kennejima<\/a>\/Flickr<\/a> UNDER A CC BY 2.0<\/a> LICENSE<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

\"\" Chinese electronics giant LeEco will not acquire U.S.-based TV maker Vizio as announced, the two companies said today. The deal has been hitting roadblocks according to recent reports, and now it’s officially ended as a result of “regulatory headwinds,” according to LeEco.
\nThe companies are quick to note that this isn’t the end of the relationship between the two. Read More<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

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