GE Considers Selling its Appliance Business

For weeks, rumors have swirled about the possible sale of GE Appliances. Now, a likely buyer has emerged.

AB Electrolux of Sweden, the parent company of the U.S. brands Electrolux and Frigidaire, announced that it is "in discussions regarding a possible acquisition of the appliances business of GE."

According to Electrolux, "No agreement has been reached, and there can be no assurances that an agreement will be reached. Any further announcements will be made in due course." Through a spokesperson, Electrolux declined additional comment beyond the company's press release.

GE spokeswoman Julie Wood told Reviewed.com that "GE is reviewing strategic options for GE Appliances and is in talks with Electrolux and other parties."

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