Electrolux, Quirky in Talks to Buy GE Home Appliances -Bloomberg
August 14 2014 - 8:02AM
Dow Jones News
General Electric Co. (GE) is again considering the sale of its
home appliances division and has drawn interest from Sweden's
Electrolux AB (ELUXY) and consumer product development startup
Quirky, Bloomberg reported Thursday, citing two people with
knowledge of the matter.
The deal could be worth as much as $2 billion, the report
said.
Quirky would tie-up with private-equity firms to take a majority
stake in the century-old business, Bloomberg said, while Electrolux
could float a bid alone.
Full story at
http://www.businessweek.com/news/2014-08-13/ge-appliances-said-to-draw-electrolux-quirky-as-suitors
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