Vizio has sued LeEco over failed merger between two companies. The U.S. based television maker is seeking $60 million in damages, claiming LeEco paid only $40 million of a $100 million termination fee.
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LeEco is all set to acquire VIZIO for $2 billion. The VIZIO hardware and software businesses will be owned and operated as a wholly owned subsidiary of LeEco, while the VIZIO data business, Inscape, will spin out and operate as a separate, privately owned company. Continue reading “LeEco to acquire VIZIO for $2 billion”