Chinese Haier Buys GE Appliance Business In $5.4 Billion Deal

Posted: Jan 15 2016, 3:34am CST | by , in News | Latest Business News

 

This story may contain affiliate links.

Chinese Haier Buys GE Appliance Business in $4 Billion Deal according to Report

Don't Miss: This How to find Fingerlings in Stock

Haier announced a deal buying GE's Appliance business.

Chinese Haier and General Electric announced today that Haier is buying GE's Appliance business. Haier is caughing up $5.4 billion for the GE unit.

GE has tried to sell the appliance business since a while, ran into antitrust issues. China's Haier seems to be ok for regulators as they are a small player in the United States says the Wall Street Journal.

With the purchase of the GE Appliance business, Haier will be suddenly in the top 3 appliance companies in the United States.

Qingdao Haier Co., Ltd. was established in 1989. Haier America is a wholly owned subsidiary of the Haier Group. Haier employs more than 70,000 people around the world and distributes products in more than 100 countries and regions with global revenues reaching $32.1 billion in 2014.

Holiday Gift Guides and Deals

Get your Holiday gifting inspired by Best Toy Gifts with High STEM Value and the Top 10 toy gifts under $10 if you are on budget. The most popular Holiday 2017 toy list include Fingerlings, Crate Creatures and more. Don't miss the new Holiday deals on Amazon Devices, including $29.99 Fire tablet.

This story may contain affiliate links.

This free App Solves You Holiday Shopping Problem


Download the free Tracker app now to get in-stock alerts on Fingerling, Luvabella, SNES Classic and more.

Latest News

Comments

The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

Advertisement

comments powered by Disqus