In a joint announcement, LeEco said its planned US$2 billion acquisition of American television maker Vizio has been scrapped in favour of a “collaborative partnership” between the two. Photo: Reuters

LeEco in retreat after abandoning US$2b takeover of American TV maker Vizio

Company blames ‘regulatory headwinds’, but analysts fear firm still strapped for cash despite 15b yuan Sunac investment

Topic |   LeEco

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In a joint announcement, LeEco said its planned US$2 billion acquisition of American television maker Vizio has been scrapped in favour of a “collaborative partnership” between the two. Photo: Reuters
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