Vizio files $100M lawsuit against LeEco

By Matt Burns

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

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Source:: TechCrunch Gadgets