Around the Net
General Electric Closer To Selling Digital Assets
- Reuters, Wednesday, August 1, 2018 7:42 AM
General Electric has hired an investment bank to organize an auction for its digital assets. The company’s multibillion-dollar digital business has been struggling with technical issues and weakening sales. GE has been seeking partners to invest in GE Digital as it narrowed the target markets for the division and abandoned plans to build a cloud platform, instead partnering with Amazon.com and Microsoft clouds.
