Last summer LeEco announced it intended to purchase the US-based TV maker Vizio for $2 billion. The deal fell in March through amid a myriad of problems surrounding LeEco including a major cash crunch. Allegedly the deal including a $100 million buyer termination fee and now Vizio has filed suit in a California court to collect payment.
Vizio claims that in liue of paying Vizio the fee, the… Read More

from iFeeltech IT News Mix4 https://techcrunch.com/2017/07/11/vizio-files-100m-lawsuit-against-leeco/?ncid=rss

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