WilliamWang
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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 recent plans, that arrangement never went through, with the two companies formally calling things off in April. Now, the Orange County Business Journal reports that Vizio has filed two separate lawsuits against LeEco, accusing the company of making false claims while arranging the acquisition. One lawsuit, filed in US District Court in LA seeks $60 million in damages, while another filed with the Superior Court of the State of California-County of Orange in Santa Ana seeks $50 million, plus other relief.
VIZIO CEO claims the key to its low HDTV prices isn't cheap parts, just business strategy
As of late, VIZIO's been trying to turn around its reputation as simply a cheap HDTV manufacturer to that of a high quality TV maker with great features and low prices and the latest example is CEO William Wang's interview with Nikkei Electronics Asia. Already a leader in U.S. sales, the company is taking aim at markets worldwide, if you're just writing off VIZIO TVs because of brand reputation, this interview and the new 2010 line of LED lit LCDs may both deserve a look.
