LeEco-Vizio Merger Officially Off; Collaboration Announcement Made - Twice

LeEco-Vizio Merger Officially Off; Collaboration Announcement Made

LeEco still wants to bring Vizio to the Chinese market
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LeEco Global Group and Vizio announced today that

the merger agreement to acquire Vizio

will be called off "due to regulatory headwinds."

"We continue to believe that there is great synergy between the two companies, and are pleased to announce that LeEco and Vizio have reached an agreement that is a win for both companies," the two said in a joint statement.

Under the new agreement, "LeEco and Vizio will continue to explore opportunities to incorporate the Le app and content within the Vizio connected CE platform, and engage in a collaborative partnership to leverage LeEco’s ecosystem user interface platform, along with the brand’s exclusive content and distribution channels, to bring Vizio products to the China market.

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