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LeEco acquires VIZIO for US$2 Billion

By Niranjan Mudholkar,

Added 27 July 2016

VIZIO is a leading consumer electronics brand in North America, with #1 unit share in Smart TVs1 and #1 unit share in Sound Bars2

Based in Irvine, CA and founded in 2002, VIZIO is a leading consumer electronics brand in North America, with #1 unit share in Smart TVs and #1 unit share in Sound Bars. The company is focused on delivering the ultimate home entertainment experience through its ecosystem of hardware, software and services.

The acquisition benefits both companies with VIZIO offering LeEco a steady install base of users and a brand that is both popular and successfully distributed throughout major North American retail channels. LeEco provides VIZIO immediate global scale to bring its innovations to consumers worldwide.

Like LeEco, VIZIO shares a similar vision of creating premium products with the latest innovations and making them accessible for everyone - from budget-minded students to custom home theatre cinephiles - without sacrificing quality or performance.

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