LeEco Says May Acquire US TV Company Vizio

Vizio TVs are quite popular in the US, LeEco said, owing to their low price point. The company also offers sound bars, tablets, ultrabooks, and even mobile phones in addition to its TV product line.

If the deal goes through, LeEco may even end up owning Vizio's plant in Mexico and can use it to produce their own TV sets.

The technical know-how and the operations experience of Vizio will help LeEco in fast tracking its overseas expansion plan, a statement said.

The possible deal between LeEco and Vizio is also likely to have a positive impact on the Indian market as well.

LeEco will look at using the synergies acquired through this purchase and pass it on to the Indian consumers.