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August 15, 2018

GE reportedly looking to sell parts of software business


General Electric Co. is seeking to sell at least portions of its GE Digital subsidiary, the Wall Street Journal reported Monday, marking a further departure from former CEO Jeff Immelt’s vision for the company when he decided to move GE’s headquarters to Boston.

GE (NYSE: GE) has hired an investment bank to gauge interest in a sale, the Journal reported, citing multiple anonymous people familiar with the matter. The newspaper said it was unclear which parts of the software business are for sale,…


Source: Boston Biz

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