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Done Deal: GE Sells Its Appliances Business To Haier For $5.6 Billion

Tomas Kellner
June 06, 2016
GE parted ways with its century-old Appliances business today, selling the unit to Haier for $5.6 billion. The final price is $200 million higher than originally announced to account for working capital in the business.
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From Appliances To Apps: GE To Sell Its Appliances Business To Haier For $5.4 Billion

January 15, 2016
GE said this morning it would sell its Appliances business to Haier for $5.4 billion. The company will also enter into a strategic partnership with the Asian white goods manufacturer to work on projects involving the industrial Internet, healthcare and advanced manufacturing.
“We are proud of Appliances’ history and performance,” said Jeff Immelt, GE chairman and CEO. “GE Appliances is performing well and there was significant interest from potential buyers, helping drive a good deal which will benefit our investors, customers and employees.”
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