General Electric exits the LED business

Justin Ho Nov 6, 2018
Share Now on:
HTML EMBED:
COPY

General Electric exits the LED business

Justin Ho Nov 6, 2018
Share Now on:
HTML EMBED:
COPY

The General Electric of today looks almost nothing like it did before the financial crisis. In the last few years, the company has been selling pieces of itself off like a Halloween store in November. Today, it announced it’s selling its LED lighting business. That follows its exit from the appliance business, its sale of NBC Universal and other big units. But who is buying those GE castoffs? And why?

 

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.