LeEco’s $2 billion acquisition of Vizio has officially been called off

Vizio M-Series 65-inch review
Dan Baker/Digital Trends
Last year, LeEco — also known as the “Netflix of China” — announced it planned to acquire American TV manufacturer Vizio in a $2 billion deal. Since the initial announcement, the deal has run into trouble with Chinese regulators and now the companies announced that “regulatory headwinds” have caused them to cancel the deal.

“Under the new agreement, LeEco and Vizio will continue to explore opportunities to incorporate the Le app and content within the Vizio connected CE 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,” the two companies announced on Monday.

What exactly this collaborative partnership entails remains to be seen but both companies stand to benefit. As mentioned in the announcement, Vizio is looking to expand its currently tiny presence in China, while working with Vizio could help LeEco expand its EcoPass subscription service.

This is not the only plan of LeEco’s to go awry in recent months. In March, the company sold property it bought in Silicon Valley after owning it for less than a year. This property was originally planned to be an “EcoCity that houses 12,000 employees,” but money issues prevented the company from following through on its plans.

Without the acquisition, what lies in Vizio’s future remains a mystery. Vizio had been looking toward an initial public offering before the acquisition announcement and could be considering this course of action once again. Having an ally to help it expand in the Chinese market could be helpful.

“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,” the companies said in the statement.

Emerging Tech

China says it has developed a quantum radar that can see stealth aircraft

Chinese defense giant China Electronics Technology Group Corporation claims that it has developed a quantum radar that's able to detect even the stealthiest of stealth aircraft. Here's how it works.
Home Theater

You can get a top-tier Vizio P Series TV for a song this Black Friday

Vizio has announced a slew of Black Friday deals for those interested in new home theater offerings, but none are more enticing than the deals the company is running on its top-tier P-Series and P-Series Quantum TVs.
Music

Here's our head-to-head comparison of Pandora and Spotify

Which music streaming platform is best for you? We pit Spotify versus Pandora, two mighty streaming services with on-demand music and massive catalogs, comparing every facet of the two services to help you decide which is best.
Mobile

Apple to boost its Amazon presence with listings for iPhones, iPads, and more

Apple is about to start offering more of its kit on Amazon. The tech giant currently only has very limited listings on the shopping site, but the deal will see the arrival of the latest iPhones, iPads, MacBooks, and more.
Home Theater

Put your home theater to the test with these spectacular Blu-ray releases

What's the point of having all of that awesome home theater gear if you can't breed a little jealousy in your friends and family? We've put together this list of fantastic Blu-rays that have the goods to drop a few jaws.
Home Theater

Google Chromecast and Chromecast Ultra: Everything you need to know

Google's Chromecast plugs into your TV's HDMI port, allowing you to stream content from your tablet, laptop, or smartphone directly to your TV. Here's what you need to know about all iterations, including the 4K-ready Chromecast Ultra.
Product Review

These AirPod look-alikes are better in every way but one

With silicone eartips, water resistance, and a more palatable price tag, Mobvoi’s Ticpods Free are impressive AirPod doppelgangers. But for all the great things they have going for them, there’s one flaw holding them back.
Home Theater

Learn how to calibrate your home theater speakers for sheer audio bliss

Make your home theater rumble just right with our manual speaker setup guide, a simple, step-by-step walkthrough to getting the most from your audio equipment without needing to rely on imperfect automatic calibration.
Home Theater

How to make your TV squeaky clean for not much green

Not sure how to clean the LCD, OLED, or plasma display that's the cornerstone of your living room? You don't need to buy expensive cleaning solutions to clean your TV -- we'll teach you how to do it with simple household items.
Home Theater

If you've got questions about Ultra HD Blu-ray, we've got answers

Ultra HD Blu-ray discs and players are a killer way to beef up your home theater. Here's everything you need to know about one of the most significant advances to hit home entertainment in years.
Deals

All the Best Target Black Friday deals for 2018

The mega-retailer opens its doors to the most competitive shoppers at 6 p.m. on Thursday, November 22, and signs indicate that the retailer means business this year. We've sifted through all of the deals, from consumer electronics to small…
Deals

The Best Black Friday Deals from Best Buy in 2018

We've been hard at work assembling all the best Black Friday deals Best Buy offers in 2018 and putting them in one place to save you time and money this holiday season. From laptops to TVs, game consoles to smart speakers and much more…
Home Theater

From game consoles to 4K UHD spinners, these are the best Blu-ray players

Streaming may be popular, but the disc isn't dead yet. To get the very best picture and sound quality from your system, you need to be watching Blu-ray or 4K Ultra HD Blu-ray discs, and these are the best Blu-ray players you can buy.
Home Theater

What’s new on Amazon Prime Video (December 2018)

Amazon Prime Video adds new titles each month that are available for free to all Prime members. Check out our list to find all the content hitting Amazon Prime Video in November and December 2018, from new original series to classic films.