Vizio sues LeEco over failed merger – The Verge

Vizio has filed two lawsuits against troubled Chinese electronics company LeEco over an attempted merger between the two companies that unraveled and eventually collapsed earlier this year. The US TV maker alleges that even at the time of the deal’s announcement, LeEco had already “begun to collapse due to their severe cash flow and financial problems.” LeEco’s money woes have been a running story for months, and Vizio’s sharply worded complaint says that the whole acquisition was a front for LeEco to create a positive impression of its financial standing. That directly contradicts what both companies said in April, when they jointly cited “regulatory headwinds” as the primary factor in the merger’s failure.

Source: Vizio sues LeEco over failed merger – The Verge