General Electric is in talks to sell its century-old household appliances business for as much as $2.5 billion, Bloomberg reported, citing people familiar with the matter.
GE's appliances and lighting unit reported revenue of more than $8 billion in 2013. The appliances business may fetch $1.5 billion to $2.5 billion in a sale, Bloomberg quoted the people as saying.
GE was waiting to wrap up its acquisition of Alstom's energy assets before pursuing options, including an outright sale, for its appliances business, Bloomberg reported, citing one of the people.
With the Alstom deal signed, GE is talking to bidders for its appliances business, Bloomberg quoted the people as saying.