Leshi Plans To Buy Le Vision Pictures Unit For $1.5B

movie copy 7Venture-backed Le Vision Pictures, one of many affiliated companies of LeEco, is not going public and will be bought by its parent company instead. Shenzhen-listed Leshi Internet Information & Technology Corp. plans to acquire its film production and distribution unit Le Vision Pictures, Ltd. for RMB9.8 billion (US$1.51 billion) in a cash-and-stock deal, according to […]

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