VIZIO’s technology patents, intellectual property, hardware and software business will be owned and operated as a fully owned subsidiary of LeEco, while VIZIO’s data business ‘Inscape’ will be spun off and operated as a separate, privately owned entity. VIZIO executive management team will retain its position and operate independently from its existing headquarters in Irvine, California.

LeEco acquires US-based consumer electronics manufacturer VIZIO for $2 bn

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