Chinese tech company LeEco has announced it is abandoning its plans to acquire U.S. TV manufacturer Vizio in a deal that was valued at $2 billion. LeEco is struggling to sustain its vast operations, grown from nothing in a matter of years.
Vizio has been ordered to pay $2.2 million after being found guilty of unlawfully monitoring customers' browsing habits. The smart TV manufacturer secretly tracked what users watched, storing up to 100 billion data points every day.
TV manufacturer Vizio has a rather wide surprise for those looking for a new television this year at CES. Their new Cinemawide 3D TV's will make their U.S. debut.
After losing the leader position in flat-panel TV sales to Vizio last quarter, Samsung regained the lead this quarter by capturing 11.8 per cent of market share. Rounding out the top four is Vizio at second, followed by Sharp and Sony.
