China's Leshi votes for new board as creditors protest parent LeEco

Chinese technology company LeEco quickly made a name for itself as it took big and bold steps to establish a position in the market. It went so far as to create an autonomous all-electric car. Things have been going from bad to worse for the company over the past few months. It even had to abandon its proposed acquisition to TV-manufacturer Vizio. It’s going to cost LeEco, though, as Vizio has now sued LeEco for $100 million over the failed acquisition. It has been over a year since LeEco announced its intention to acquire Vizio for $2 billion. The announcement was made not too long after LeEco announced its arrival in the United States with much pomp and circumstance. The acquisition would have given it a fighting position in the country’s TV market.However, following rumors that it was getting difficult for the company to follow through, LeEco announced a couple of months ago that it was backing out of this deal due to “regulatory headwinds.” The consensus remains, though, that the

China's Leshi votes for new board as creditors protest parent LeEco

HONG KONG (Reuters) - An extraordinary shareholder meeting for the listed unit of indebted Chinese tech group LeEco ended amid protest from creditors on Monday and without the election of a ...

Mon 17 Jul 17 from Reuters Technology

Vizio sues LeEco over failed $2 billion buyout

Chinese electronics giant LeEco announced in July 2016 that it would be purchasing budget television maker Vizio for a cool $2 billion. This past April, the two sides pulled out of the deal ...

Wed 12 Jul 17 from Techspot

Vizio goes after LeEco in lawsuit following busted merger - CNET

The TV maker files a federal suit alleging the Chinese consumer electronics upstart never had the money to close a $2 billion merger deal between the companies.

Wed 12 Jul 17 from CNET Cutting Edge

Vizio sues LeEco in the wake of their failed $2 billion deal

This time last year we heard the surprising Hollywood announcement that Chinese company LeEco would acquire Vizio in a deal worth $2 billion. Unfortunately, like so many of LeEco's ...

Wed 12 Jul 17 from Engadget

Failed Acquisition Compels Vizio To Sue LeEco For $100 Million

Chinese technology company LeEco quickly made a name for itself as it took big and bold steps to establish a position in the market. It went so far as to create an autonomous all-electric ...

Wed 12 Jul 17 from Ubergizmo

Vizio sues LeEco over failed merger

Vizio has filed two lawsuits against troubled Chinese electronics company LeEco over an attempted merger between the two companies that unraveled eventually collapsed earlier this ...

Tue 11 Jul 17 from The Verge

Vizio files $100M lawsuit against LeEco

 Last summer LeEco announced it intended to purchase the US-based TV maker Vizio for $2 billion. The deal fell in March through amid a myriad of problems surrounding LeEco including a major ...

Tue 11 Jul 17 from TechCrunch

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