LeEco’s Acquisition of Vizio Called Off

The merger between the Chinese technology conglomerate LeEco and the U.S. TV manufacturer Vizio will not move forward due to “regulatory headwinds.”

“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 US said in a statement.

Under a new agreement, LeEco and Vizio will continue to explore opportunities to incorporate the Le app and content within the Vizio connected consumer electronics platform, “and engage in a collaborative partnership to leverage LeEco’s EUI (Ecosystem User Interface) platform, along with the brand’s exclusive content and distribution channels, to bring Vizio products to the China market.”