Vizio acquired by LeEco for $2B | Hacker News Reader

Vizio acquired by LeEco for $2B

theverge.com

96 pointsprostoalex21 comments

So much for the S-1. Interesting move. If your goal is to work on software this seems like a pretty good deal for the CEO - 51% of the new spin-off and a bunch of cash and 10 years of "guaranteed" license revenue. Was this an LBO or straight cash? Anybody know? Been reading Barbarians at the Gate lately and have taken a new interest in management agreements and payouts in these things.

How does LeEco have so much money? They are also funding Faraday Future, and have been buying up tons of stuff lately.

From Chinese stock market.

so effectively thin air. this will surely end well. /sarcasm

I was hyped for Vizio's computers based on this article. Shame it never really happened. http://www.theverge.com/2012/6/15/3076519/vizio-reboot-pc-am...

A bit more about the variously-involved company behind the deal: http://www.wsj.com/articles/the-chinese-company-behind-the-v...

There goes the last American TV manufacturer.

cheap TV manufacturer Element was supposedly an American manufacturer, but that seems to be a bit of a lie http://thinkprogress.org/economy/2014/11/12/3591517/element-...

Interesting the article says "shipped out to Walmart, Target, Meijer, Sam’s Club, and QVC." but the title only mentions Walmart.

Vizio never manufactured a single television.

Their Tijuana plant was operated by an outsourcing company, but Vizio seems to have owned it, because it's part of the LeEco deal.

I can't say I know its exact manufacturing origins, but I can say without a doubt my TV is a Vizio.

Vizio designs products and has other companies make them. They have ~400 employees, all in the US. They aren't making TVs themselves.

Does this really matter? Your statement is true for nearly every electronic device.

LG, Samsung, Sony to name a few. Having vertical intergration can lead to huge wins

And Apple never manufactured a single iPhone.

So?

So now the Chinese companies that did do that manufacturing are buying American companies.

America's hens have come home to roost.

Another acquisition to put Minecraft ($2.5B) in perspective ...wowzers.

Have to admit I am kind of bummed after just buying a Vizio TV.

>"As the owner and father of Vizio, I am very reluctant to let it go. But as the CEO and owner of the company, I know this is the right decision to make for our hard-working employees and loyal shareholders."

Why?

Money. Don't be daft

Yeah I get that for the sell-out owners, but how is it better for the employees? I'm sure many of them took pride in working for the only American TV manufacturer.

There is no benefit which is why he failed to give any.

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