Search results
Results From The WOW.Com Content Network
GE has slashed more than $100 billion of debt and quadrupled its free cash flow since 2018. Its market cap has grown by about $100 billion to $192 billion. ... After the split, it will be left ...
GE Money buys Superbank's $500 million lending portfolio [18] 2007 GE Consumer & Industrial acquires Microwave Data Systems for US$600 million 2007 GE-Aviation acquires Smiths Aerospace for £2.4 billion 2007 GE Oil & Gas acquires Vetco Gray for US$1.9 billion. [19] [20] 2007 GE Plastics is sold to SABIC for US$11.6 billion. [21] 2008 GE Oil ...
General Electric, the storied American manufacturer that struggled under its own weight after growing to become a sprawling conglomerate, will divide itself into three public companies focused on ...
The split marks the end of the 129-year-old conglomerate that was once the most valuable U.S. corporation and a global symbol of American business power. The ambitious move drove an 8.2% rise in ...
In October 2015, activist investor Nelson Peltz's fund Trian bought a $2.5 billion stake in the company. [105] In January 2016, Haier acquired GE's appliance division for $5.4 billion. [106] In October 2016, GE Renewable Energy agreed to pay €1.5 billion to Doughty Hanson & Co for LM Wind Power during 2017. [107]
In October 2017, GE Power sold its Water & Process Technology division to French-based utility company Suez for a total of $3.4 billion. [17] In June 2018, the private equity firm Advent International agreed to buy GE's distributed power unit for $3.25 billion. [18]
It counts about $3.8 billion in annual revenue. This came after the otherwise successful breakup of industrial legend General Electric ( GE ) in 2024 into three independent companies.
Verio: A web hosting provider, it was acquired for $5 billion at the peak of the bubble. VerticalNet: A host of 43 business-to-business (B2B) procurement portals that was valued at $1.6 billion after its IPO, despite having only $3.6 million in quarterly revenue. [50] Vignette Corporation: Its stock rose 1,500% within months after its IPO.