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Watch out Samsung! China's LeEco is coming for you with Vizio buyout.

If you’ve never heard of LeEco, now is a good time to become familiar with it.  The Chinese company that has been called the “Netflix of China” has a foothold in multiple industries such as video streaming, consumer electronics and automobiles. And in a joint announcement Tuesday, LeEco said it would acquire Vizio for $2 billion. SEE ALSO: Vizio Wins 4K at CES With 120-Inch TV, $999 Model The transaction is expected to close by…

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Source – Mashable:
Watch out Samsung! China's LeEco is coming for you with Vizio buyout.

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