Vizio acquisition by Chinese TV and content powerhouse LeEco could shake up U.S. market

Value-priced TV and sound-bar manufacturer Vizio has been acquired by Chinese conglomerate LeEco (lay-eeko) in a deal worth $2 billion. Why so much? The combined companies expect to put 8 million connected displays into the world market annually, with Vizio focused on building the hardware and LeEco concentrating on developing new connected services for them. LeEco is