Electrolux, Quirky in talks with GE over appliance business sale

General Electric (NYSE:GE) is in talks with Sweden's Electrolux (OTCPK:ELUXY) and Quirky, a consumer-product development startup, over the sale of its century-old appliances business that could fetch $2B.

Quirky would partner with private-equity firms to acquire a majority stake, leaving GE with a minority holding.

GE has been trying to sell its home appliances unit again as CEO Jeffrey Immelt puts a greater focus on industrial operations.

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Comments (4)
  • dectra
    , contributor
    Comments (649) | Send Message
    Any idea as to how solid that 2 Billion number is?
    14 Aug 2014, 07:37 AM Reply Like
  • U2A Ventures
    , contributor
    Comments (335) | Send Message
    i dont think its too solid
    14 Aug 2014, 08:08 AM Reply Like
  • RoberHD05
    , contributor
    Comments (101) | Send Message
    I would rather see GE sell the unit outright, otherwise keep only enough to have a seat on the board of the new company.
    14 Aug 2014, 10:13 AM Reply Like
  • dectra
    , contributor
    Comments (649) | Send Message
    Sounds like a solid plan, Robert. Now if GE would just 'do' that.....
    15 Aug 2014, 07:12 AM Reply Like
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