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posted by cmn32480 on Saturday July 30 2016, @02:13PM   Printer-friendly
from the yes-his-name-is-willy-wang dept.

Original URL: http://www.cnet.com/news/chinese-conglomerate-leeco-acquires-vizio-for-2-billion/

Chinese conglomerate LeEco just spent $2 billion to get its foot in the door of the US television market.

Along with Samsung, Vizio has been one of the two most-popular TV brands in the US over the last few years. Vizio TVs are among CNET's most-recommended models.

The news, rumored for the last couple of weeks, came from Vizio founder and CEO William Wang on stage at a joint press event in Hollywood. Vizio's hardware and software businesses will be owned and operated as a wholly owned subsidiary of LeEco, while the Vizio's data business, Inscape, will be spun off.

[...] "Fourteen years ago, I mortgaged my house to start Vizio, and since then, it has grown into one of the most well-known and respected CE brands in North America. As an entrepreneur, I couldn't be more proud of what has been accomplished," said Wang.

ArsTechnica also notes:

Wang will still be connected to Vizio, however, by becoming chairman and CEO of Inscape, a separate business that will carry Vizio's controversial torch of mining TV viewers' data for advertising and other data-driven services. Wang will be a 51-percent stakeholder in Inscape, with LeEco owning the other 49 percent and licensing Inscape's offerings for Vizio products for 10 years.

-- submitted from IRC


Original Submission

 
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  • (Score: 3, Funny) by Bot on Saturday July 30 2016, @05:08PM

    by Bot (3902) Subscriber Badge on Saturday July 30 2016, @05:08PM (#381991) Journal

    I look forward to hook up with one of these chinese telescreens, they tell me they are kinder and good looking. I also guess the Chinese are decades ahead in telescreen design.

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  • (Score: 1, Informative) by Anonymous Coward on Saturday July 30 2016, @08:01PM

    by Anonymous Coward on Saturday July 30 2016, @08:01PM (#382035)

    Not really, Samsung began making them in 1969.

  • (Score: 3, Funny) by fritsd on Saturday July 30 2016, @08:21PM

    by fritsd (4586) on Saturday July 30 2016, @08:21PM (#382041) Journal

    Just ensure you comb your hair before standing in front of it, Winston Smith!

    And no hanky panky -- I've patented using time-domain fourier transform motion capture(*), so that when a rhythmic movement in front of the camera occurs, the frequency is first analyzed, and when it falls within a certain range, the camera stream will be upgraded to a higher level of event monitoring, and will be sent to a select group of "grandmother" agents in your neighbourhood watch centre, to review if whatever you're doing [dilbert.com] falls within socially acceptable behaviour parameters.

    For The Greater Good. (The Greater Good [wikipedia.org])

    Let's call it the TheresaMayCam(TM)!

    (*) unfortunately not, otherwise I'd be rich!