Tuesday, April 4, 2017

Report: LeEco Delays Payroll, Vizio Deal In Doubt

A report on Tuesday says that Chinese electronics giant LeEco is delaying its payroll for U.S. employees, as it faces a cash crunch at the company. The report, from Bloomberg, also said that the acquisition of Irvine-based Vizio is now in doubt, with LeEco now exploring "other options" with Vizio, including "taking a minority stake in or partnering with Vizio" rather than acquiring Vizio outright.

---