Chinese Tech Firm LeEco Ends Bid To Buy TV Maker Vizio
Cash-strapped Chinese tech firm LeEco on Monday abandoned its effort to buy US television maker Vizio, citing “regulatory headwinds.” Tech giant LeEco led by billionaire Jia Yueting last year announced a deal to buy Vizio for $2 billion, but the acquisition had to be approved by regulators. “The merger agreement to acquire Vizio will not … Read more