Vizio Being Sold to LeEco American TV manufacturer Vizio is being sold to Chinese technology company LeEco for about $2 billion.John Laposky ⋅ Jul 26, 2016 LeEco CEO YT Jia, VIZIO CEO William Wang at LeEco and VIZIO Press Conference in Hollywood where it was announced that LeEco had acquired VIZIO for $2 billion (Jeff Lewis/AP for LeEco) American TV manufacturer Vizio is being sold to Chinese technology company LeEco for about $2 billion. Vizio will be operated as a wholly owned subsidiary. Vizio CEO William Wang made the announcement at a press event in Los Angeles this morning. “As the father and founder of Vizio, I have mixed feeelings about this. But for our shareholders and employees, I know this is the right thing to do,” said Wang. The Vizio hardware and software businesses will be owned and operated as a wholly owned subsidiary of LeEco, while the Vizio data business, Inscape, will be spin off and operate as a separate, privately owned company led by Wang. Continue reading this story at TWICE.com.—> SubscribeFor more stories like this, and to keep up to date with all our market leading news, features and analysis, sign up to our newsletter here.