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GE plans to unscrew the light bulb after 125 years

GE will sell its light bulb unit and instead focus on delving deeper into core businesses such as wind turbines.

Photo: General Electric Company
BY RITZAU FINANS

General Electric, the company which pioneered the light bulb 125 years ago with Thomas Edison at the helm, is now considering a divestment of its consumer-lighting division, reports the Wall Street Journal.

The Boston-based company is looking for an investment bank to head the sale which is expected to cash in USD 500 million (EUR 470 million).

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