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 ... 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.
The backstory: LeEco had been trying to expand rapidly both geographically, especially in the U.S., as well as into new areas like cars. But the Chinese company has also faced a cash crunch. The Vizio deal was originally supposed to close last year, but had been delayed because Chinese regulators had yet to sign off.
