Last week, Levision Global Group Co., Ltd. and Vizio Corporation announced that due to the unfavorable regulatory constraints, the merger agreement to acquire Vizio will no longer continue to advance. That is to say, starting in July last year, LeEco acquired $2 billion in global acquisition of US smart TVs. Giant Vizio eventually ended in miscarriage. It should be noted that although both Levision and Vizio claim that the main reason for M&A abortions is regulatory factors, many foreign media analysts believe that other factors are needed.
According to Wall Street news articles, Vizio is the largest smart TV manufacturer in the United States. Apple, Google, and Ali all reported that they intend to acquire Vizio. In July last year LeEcoGlobal, a non-listed company announced the acquisition of Vizio, LeTV CEO Jia Yueting told the media that the transaction will be the world's largest ecosystem television company. Also after the announcement of the acquisition of Vizio, Jia Yueting revealed that the acquisition of Vizio funds mainly comes from two aspects, one is LeTV’s own cash flow. Second, LeTV will also have some eco-partners involved in the form of equity or debt.
Smart TV/box information can focus on smart TV information network sofa butler (http://), China's influential TV box and smart TV website, providing information, communication, TV boxes, smart TVs, smart TV software, etc. Answering questions.
LeTV acquires the truth about Vizio abortion
In addition to regulatory factors, the break in the capital chain that Leh started in the second half of last year should also be one of the major factors. In addition to the rumored layoffs in Letv's North American market, it can be said that LeTV’s strategy to use the acquisition of Vizio to expand its North American market has encountered major setbacks. . LeTV or Letv Ecology has to return to the origin of the Chinese market, that can only hope that in the Chinese market and the suffocation of your friends. According to Wall Street news articles, Vizio is the largest smart TV manufacturer in the United States. Apple, Google, and Ali all reported that they intend to acquire Vizio. In July last year LeEcoGlobal, a non-listed company announced the acquisition of Vizio, LeTV CEO Jia Yueting told the media that the transaction will be the world's largest ecosystem television company. Also after the announcement of the acquisition of Vizio, Jia Yueting revealed that the acquisition of Vizio funds mainly comes from two aspects, one is LeTV’s own cash flow. Second, LeTV will also have some eco-partners involved in the form of equity or debt.
Vizio founder Wang Wei
According to the plan, LeTV and Vizio's transaction will be completed in the fourth quarter of last year. However, since last year, LeTV has seen successive layoffs, financing difficulties, and other problems. In 2017, although the LeTV company received 16.8 billion yuan in financial support from investors such as Sunac, Levision and Vizio have not yet announced the latest progress in the acquisition. After officially announcing the cancellation of the transaction, a LeTV spokesperson told Variety that the cancellation of the acquisition would not have any effect on LeTV’s other US operations. Smart TV/box information can focus on smart TV information network sofa butler (http://), China's influential TV box and smart TV website, providing information, communication, TV boxes, smart TVs, smart TV software, etc. Answering questions.
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