Reportedly Verizon gobbling up Yahoo is yesterday’s news, but that didn’t stopped the Chinese TV maker, LeEco to make an acquisition of Vizio could be a big thing now.
Formally known as LeTV, the China-based Internet and Technology conglomerate LeEco is said, planning to acquire the US TV company Vizio. Likely to hot an event in the United States to announce its details.
The latest report surfaced at The Economic Times, suggesting to either an acquisition or investment by the LeEco in Irvine, a California-based Vizio, which along with Samsung has been one of the two most-popular TV brand in the U.S. over the last few years.
Additionally, the Vizio TVs are among those most-recommended models currently in the United States, because of its lower price points. The company also offers Sound Bars, Tablets, Ultrabooks, and even mobile phones in addition to its own TV sets.
If this is the case, then LeEco might end up owning Vizio’s plant in Mexico and can apparently use it to produce their own TVs. It seems Vizio will help LeEco in fast tracking solution, overseas expansion plan, as the report says.
Neither Vizio nor LeEco responded immediately to this acquisition report. But Vizio and LeEco are slated tomorrow to host a joint press event in Hollywood, California, that should provide us more information as we could expect. It’s possible the two companies could announce a partnership, joint investment or new products rather than only acquisition.
In India, if the deal goes fine between LeEco and Vizio will likely to have a positive impact on the market as well. Stay tuned!
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