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GE plans to sell significant portions of its digital business, according to the Wall Street Journal. The report says the industrial company has contracted an investment bank to hold an auction to sell General Electric.
The digital business – which includes GE's Predex industrial operating system and its related applications – is encountering difficulties due to technical problems, and the company is seeking partnerships in 2016. [19659002] The report did not disclose the assets offered for sale nor the potential value of the transaction. Former GE CEO, Jeff Immelt, has invested billions of dollars in the unit and positioned it as a strategic center for the new role of the company as a company. digital industry.
The digital business – which became a stand-alone unit in 2015 – generated $ 4 billion in revenue last year, an increase of 12% over 2016.
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