A PYMNTS Company

US: General Electric sells appliance operations for $3.3 billion

By  |  September 8, 2014

General Electric has reportedly agreed to sell its appliance business in a $3.3 billion deal with Sweden-based Electrolux.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The companies announced the deal Monday. Electrolux is looking to strengthen its position against top rival Whirlpool, reports say; the deal with General Electric marks the Swedish firm’s largest-ever acquisition.

    Reports first emerged in August that the companies were in talks of a possible deal.

    Full content: Huffington Post

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.