LeEco will not acquire Vizio because of ‘regulatory headwinds’

LeEco, a Chinese company that sells content streaming services as well as phones and other hardware, today said that it will not be acquiring smart TV maker Vizio after all. LeEco public relations emailed a statement to VentureBeat that alludes to “regulatory headwinds” blocking the deal but that does not specify the exact issue, while also reiterating the companies’ interest in integrating products.
LeEco announced its plan to buy Vizio for $2 billion in July, several months a