Thursday, March 30, 2017

Report: Vizio Acquisition By LeEco May Be At Risk

The record, $2 billion acquisition of Irvine-based TV maker Vizio has hit some serious turbulence, with reports saying that the deal may be abandoned or cancelled, due to issues China's recent restriction of moving capital overseas. Those same currency controls have been tamping down sales of mansions in San Gabriel valley to Chinese buyers, and according to local investors have put a serious damper on EB-5 visa investments in both local funds and startups.

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