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Last summer LeEco announced it intended to purchase the U.S.-based TV maker Vizio for $2 billion. The deal fell through in March amid myriad problems surrounding LeEco, including a major cash crunch. Allegedly the deal included a $100 million buyer-termination fee and now Vizio has filed suit in a California court to collect payment. Read More
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from Elian Hinson's Faves RSS Feed https://techcrunch.com/2017/07/11/vizio-files-100m-lawsuit-against-leeco/?ncid=rss
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