{"id":500997,"date":"2017-04-11T01:47:00","date_gmt":"2017-04-10T23:47:00","guid":{"rendered":"http:\/\/nhub.news\/?p=500997"},"modified":"2017-04-11T02:17:57","modified_gmt":"2017-04-11T00:17:57","slug":"leeco-vizio-abandon-2-billion-deal-over-regulatory-concerns","status":"publish","type":"post","link":"http:\/\/nhub.news\/fr\/2017\/04\/leeco-vizio-abandon-2-billion-deal-over-regulatory-concerns\/","title":{"rendered":"LeEco, Vizio abandon $2 billion deal over regulatory concerns"},"content":{"rendered":"

China’s Le Holdings Co Ltd (300104. SZ), also known as LeEco, abandoned its proposed $2 billion acquisition of U. S. consumer electronics company Vizio Inc (VZIO. O) on Monday, citing\u00a0\u00bbregulatory headwinds.\u00a0\u00bb<\/b>
LeEco and Vizio, however, have struck a new collaboration agreement that includes bringing Vizio products to the Chinese market, according to a brief emailed statement from the Chinese company.
The statement did not elaborate on the regulatory hurdles that prevented the deal from going ahead.
The deal to buy Irvine, California-based Vizio was announced in July.
(Reporting by Ismail Shakil in Bengaluru and Cate Cadell; Editing by Sandra Maler)<\/p>\n

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