After being sidelined by cash flow problems and a privacy invasion lawsuit, LeEco’s $2 billion acquisition of Vizio may be permanently scuttled, this time by China’s restrictions on cross-border movement of capital.
“LeEco’s US$2 billion acquisition of American consumer electronics developer Vizio Inc. may have to be aborted due to China’s capital control rules, according to Chinese media citing insiders. LeEco agreed to acquire Vizio last July after two years of negotiations.”
