Skip to main content
DEAL WATCH: Keurig K-Express | 22% off $69.99

Keurig has changed the face of coffee, and snagging one of these for less than $70 is a solid deal. Read Review

BUY NOW
Televisions

China's LeEco snaps up Vizio for $2 billion

Los Angeles-based Vizio gets acquired by a Chinese tech giant

Vizio P Series TVs come with Smartcast tablet remotes. Credit: Vizio

Recommendations are independently chosen by Reviewed's editors. Purchases made through the links below may earn us and our publishing partners a commission.

Chinese tech giant LeEco agreed to snap up Southern California based Vizio, Inc. for $2 billion.

Vizio is a manufacturer of low-cost, but high quality TVs that are a staple of hotel rooms and sold at stores like Costco and Wal-Mart, while LeEco is best known for making smartphones and has ambitions to do self-driving electric cars as well.

On its home page, LeEco says its vision of the future "connects everything that matters to modern consumers. We believe that all people deserve access to premium products, so we’re bringing down the cost without lowering quality. "

Related content

  • feature

    Here Are All the Vizio 2016 TVs
  • The TCL S4 LED TV on an entertainment center with a brick background.

    review

    TCL S4 LED TV review

The companies say that the VIZIO hardware and software businesses will operate as a wholly owned subsidiary of LeEco, while Vizio's data business, Inscape, will be spin out as a separate, privately owned company.

{{ amazon name="VIZIO P502ui-B1E 50-Inch 4K Smart LED TV", asin="B00P99AA3E", align="right" }}

At a press event here, Vizio CEO William Wang recalled mortgaging his home in 2002 to start Vizio. "I’m excited to see how LeEco’s global reach and resources will elevate Vizio as we continue to bring great technology, innovation and value to our consumers.”

Wang will be stepping down as Vizio CEO to focus on the "expansion and growth" of the data business.

Based in Irvine, California, the heart of Orange County, Vizio has long done marketing and design in the United States, with production of its TV sets and sound bars in China and Mexico. Beyond Wang, the companies said the Vizio executive management team would remain in place and continue operations as an independent unit.

{{ brightcove '4805869519001' }}

Up next