GE looking to sell its digital assets: WSJ
(Reuters) - General Electric Co (GE.N) is looking to sell key parts of its digital business, the Wall Street Journal reported.
FILE PHOTO: The General Electric logo is pictured on working helmets during a visit at the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016. REUTERS/Stephane Mahe/File Photo
The industrial conglomerate has hired an investment bank to organize an auction for GE Digital, the report said, citing people familiar with the matter.
However, the report did not reveal the exact assets for sale or the potential deal value.
Shares of the Boston-based company rose nearly 1 percent.
GE declined to comment.
Reporting by Karan Nagarkatti in Bengaluru;Editing by Arun Koyyur
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