Taking advantage of the presence that LeEco has an event that is being held in the U.S. city of Los Angeles these days, the leaders of the company have taken advantage to announce a major stock market movement as it is the purchase of Vizio. This acquisition will be a payment valued at US $ 2,000 million, a move that opens the doors of America to the Chinese company.
If you look a little on the history of Vizio, it’s the only way to better understand the interest of LeEco therein, we find that today is a company of popularity in the United States thanks to the development of low cost televisions. He has placed this development and marketing literally as the second manufacturer in that country only behind as powerful as LG and Samsung companies that share first place. During its last expansion plan, Vizio also has from last year with presence in Mexico and elsewhere in Latin America.
LeEco paying 2,000 billion dollars to do with Vizio
According to is has announced, Vizio will continue to operating as a company independent but will allow to LeEco expand its business towards new regions since, according to comment from the company Chinese, marks more big of his country, is time of that their last and more novel products begin to exit of Chinese. As detail, LeEco not only is now a recognized Chinese manufacturer of televisions, they are making strong investments in the field of smartphones, virtual reality and even electric cars.
Inscape, one of the most interesting services Vizio but which most, won’t be part of LeEco, in such a way that it will become a fully independent platform run by William Wang, Vizio founder. As detail, while this new company that is will be charge of the development of Inscape will operate of form independent it true is that William Wang is has been with the 51% while LeEco will have the 49% while is makes with a license of use of 10 years.
