Editing General Electric (section)

===Acquisitions and divestments===
In December 1985, GE reacquired the [[RCA Corporation]], primarily to gain ownership of the [[NBC]] television network for $6.28&nbsp;billion; this merger surpassed the [[Capital Cities/ABC]] merger from earlier that year as the largest non-oil company merger in world business history.<ref>{{cite web|url=https://www.upi.com/Archives/1985/12/11/General-Electric-Co-in-the-largest-non-oil-merger-in/1818503125200/|title=General Electric Co., in the largest non-oil merger in...|access-date=October 3, 2019|archive-url=https://web.archive.org/web/20170822100055/https://www.upi.com/Archives/1985/12/11/General-Electric-Co-in-the-largest-non-oil-merger-in/1818503125200/|archive-date=August 22, 2017|url-status=live}}</ref> The remainder of RCA's divisions and assets were sold to various companies, including [[Bertelsmann Music Group]] which acquired [[RCA Records]]. [[Technicolor SA|Thomson SA]], which licensed the manufacture of RCA and GE branded electronics, traced its roots to Thomson-Houston, one of the original components of GE.{{citation needed|date=January 2017}} Also in 1986, [[Kidder, Peabody & Co.]], a U.S.-based securities firm, was sold to GE and following heavy losses was sold to [[PaineWebber]] in 1994.<ref>{{Cite news|url=https://www.chicagotribune.com/1994/10/17/ge-to-sell-kidder-unit-to-paine/|title=Ge To Sell Kidder Unit To Paine|work=Chicago Tribune|access-date=January 5, 2018|language=en|archive-url=https://web.archive.org/web/20180106133804/http://articles.chicagotribune.com/1994-10-17/news/9410170075_1_chief-government-bond-trader-kidder-peabody-ge|archive-date=January 6, 2018|url-status=live}}</ref>

In 1993, GE sold its [[GE Aerospace (1960s)|Aerospace]] business to [[Martin Marietta]].

In 1997, [[Genpact]] was founded as a unit of General Electric in [[Gurgaon]]. The company was founded as GE Capital International Services (GECIS).<ref>{{Cite web |title=Genpact (G) |url=https://www.forbes.com/companies/genpact/ |access-date=2022-04-04 |website=Forbes |language=en |archive-date=20 May 2022 |archive-url=https://web.archive.org/web/20220520202213/https://www.forbes.com/companies/genpact/ |url-status=live }}</ref><ref>{{Cite web |agency=TNN |date=May 17, 2011 |title=BPO pioneer Bhasin quits as Genpact CEO  |url=https://timesofindia.indiatimes.com/business/india-business/bpo-pioneer-bhasin-quits-as-genpact-ceo/articleshow/8377252.cms |access-date=2022-04-04 |website=The Times of India |language=en |archive-date=13 December 2022 |archive-url=https://web.archive.org/web/20221213172243/https://timesofindia.indiatimes.com/business/india-business/bpo-pioneer-bhasin-quits-as-genpact-ceo/articleshow/8377252.cms |url-status=live}}</ref> In the beginning, GECIS created processes for outsourcing back-office activities for GE Capital such as processing [[car loans]] and credit card transactions. It was an [[Business process outsourcing to India#General Electric|experimental concept at the time]] and the beginning of the [[business process outsourcing]] (BPO) industry.<ref name=":0" /><ref>{{Cite book |last=Yesudian |first=Suseela |title=Innovation in India: The Future of Offshoring |publisher=Palgrave Macmillan |year=2012 |location=United Kingdom |language=EN}}</ref> GE sold 60% stake in Genpact to General Atlantic and Oak Hill Capital Partners in 2005 and hived off Genpact into an independent business. GE is still a major client to Genpact today for services in customer service, finance, information technology, and analytics.<ref>{{cite book |last1=Hirschheim |first1=Rudy |last2=Heinzl |first2=Armin |last3=Dibbern |first3=Jens |title=Information Systems Outsourcing: Enduring Themes, Global Challenges, and Process Opportunities |date=2009 |publisher=Springer Science & Business Media |isbn=978-3-540-88851-2 |page=553 |url=https://books.google.com/books?id=_M91NYmLe6gC&pg=PA553 |language=en}}</ref><ref>{{cite web |last1=Sozzi |first1=Brian |title=Here's one company that may be benefitting from the GE meltdown |url=https://finance.yahoo.com/news/genpact-is-profiting-off-the-ge-meltdown-175320821.html |website=Yahoo! Finance |access-date=February 17, 2022 |date=August 13, 2019 |archive-date=February 17, 2022 |archive-url=https://web.archive.org/web/20220217060832/https://finance.yahoo.com/news/genpact-is-profiting-off-the-ge-meltdown-175320821.html |url-status=live}}</ref>

In 2001, GE acquired Spanish-language broadcaster Telemundo and incorporated it into its National Broadcasting Company, Inc. subsidiary.<ref>{{cite web |date=2001-10-12 |title=NBC to Acquire Telemundo Network for $1.98 Billion |url=https://www.latimes.com/archives/la-xpm-2001-oct-12-fi-56173-story.html |access-date=2024-04-03 |website=Los Angeles Times}}</ref>

In 2002, [[Francisco Partners]] and [[Norwest Venture Partners]] acquired a division of GE called GE Information Systems (GEIS). The new company, named [[GXS (company)|GXS]], is based in [[Gaithersburg, Maryland]]. GXS is a provider of [[business-to-business]] e-commerce solutions. GE maintains a minority stake in GXS.<ref>{{Cite book|last=Kenneth E. Hendrickson. III|title=The Encyclopedia of The Industrial Revolution in World History|publisher=[[Rowman & Littlefield]]|year=2015|isbn=978-0-8108-8887-6|location=United Kingdom|pages=359}}</ref> Also in 2002, [[GE Wind Energy]] was formed when GE bought the [[wind turbine]] manufacturing assets of Enron Wind after the [[Enron scandal]]s.<ref name="Business Wire" /><ref name="ieGE" /><ref name="desertsky">Murphy, Dennis. [http://www.desertskywind.com/news05022002.htm GE completes Enron Wind acquisition; Launches GE Wind Energy] {{webarchive|url=https://web.archive.org/web/20160218110511/http://www.desertskywind.com/news05022002.htm |date=February 18, 2016}} ''Desert Sky Wind Farm'', May 10, 2002. Retrieved: May 1, 2010.</ref>

In 2004, GE bought 80% of Vivendi Universal Entertainment, the parent of [[Universal Pictures]] from [[Vivendi]]. Vivendi Universal was merged with NBC to form [[NBCUniversal]]. GE then owned 80% of NBCUniversal and Vivendi owned 20%. In 2004, GE completed the [[Corporate spin-off|spin-off]] of most of its [[mortgage loan|mortgage]] and [[life insurance]] assets into an independent company, [[Genworth Financial]], based in [[Richmond, Virginia]].<ref>{{Cite news|url=https://www.forbes.com/2004/05/25/cx_tm_0525video1.html|title=General Electric Completes Spinoff Of Genworth Financial|last=Murphy|first=Tara|date=May 25, 2004|work=[[Forbes]]|access-date=September 5, 2017|language=en|archive-url=https://web.archive.org/web/20170908193206/https://www.forbes.com/2004/05/25/cx_tm_0525video1.html|archive-date=September 8, 2017|url-status=live}}</ref>

In May 2007, GE acquired [[Smiths Aerospace]] for $4.8&nbsp;billion.<ref>{{cite news |url=https://www.nytimes.com/2007/01/16/business/worldbusiness/16electric.html |work=[[The New York Times]]| first=Claudia H. |last=Deutsch |title=G.E. Buying a British Aerospace Company |date=January 16, 2007 |access-date=February 8, 2017 |archive-url=https://web.archive.org/web/20170320145113/http://www.nytimes.com/2007/01/16/business/worldbusiness/16electric.html |archive-date=March 20, 2017 |url-status=live}}</ref> Also in 2007, GE Oil & Gas acquired Vetco Gray for $1.9&nbsp;billion,<ref>{{cite web|title=General Electric to acquire Vetco Gray for $1.9 billion |url=http://www.reliableplant.com/Read/4163/general-electric-to-acquire-vetco-gray-for-$19-billion |website=ReliablePlant.com |access-date=June 11, 2014 |date=January 8, 2007 |url-status=dead |archive-url=https://web.archive.org/web/20140706224120/http://www.reliableplant.com/Read/4163/general-electric-to-acquire-vetco-gray-for-%2419-billion |archive-date=July 6, 2014}}</ref><ref>{{cite web|title=GE Oil & Gas buys Vetco Gray|url=http://www.epmag.com/EP-Magazine/archive/GE-Oil-Gas-buys-Vetco-Gray_156|website=E&P Magazine|access-date=June 11, 2014|date=January 8, 2007|archive-url=https://web.archive.org/web/20140528230355/http://www.epmag.com/EP-Magazine/archive/GE-Oil-Gas-buys-Vetco-Gray_156|archive-date=May 28, 2014|url-status=dead}}</ref> followed by the acquisition of Hydril Pressure & Control in 2008 for $1.1&nbsp;billion.<ref>{{cite web|last1=Saitto|first1=Serena|last2=Kingsbury|first2=Kevin|title=From Tenaris|url=http://www.marketwatch.com/story/ge-to-buy-part-of-tenariss-hydril-2008-01-28|website=[[The Wall Street Journal]]|access-date=June 11, 2014|date=January 28, 2008|archive-url=https://web.archive.org/web/20140714150716/http://www.marketwatch.com/story/ge-to-buy-part-of-tenariss-hydril-2008-01-28|archive-date=July 14, 2014|url-status=live}}</ref><ref>{{cite web|title=GE Oil & Gas Buys Hydril Pressure Control|url=http://www.oilandgaseurasia.com/en/news/ge-oil-gas-buys-hydril-pressure-control|archive-url=https://web.archive.org/web/20140709164541/http://www.oilandgaseurasia.com/en/news/ge-oil-gas-buys-hydril-pressure-control|url-status=dead|archive-date=July 9, 2014|access-date=June 11, 2014|date=January 29, 2008}}</ref>

GE Plastics was sold in 2008 to [[SABIC]] (Saudi Arabia Basic Industries Corporation). In May 2008, GE announced it was exploring options for divesting the bulk of its consumer and industrial business.<ref>{{Cite web|url=https://www.plasticstoday.com/content/sabic-acquires-ge-plastics-116-billion/5137368976237|title=Sabic acquires GE Plastics for $11.6 billion|date=June 30, 2007|website=PlasticsToday|language=en|access-date=April 6, 2020|archive-date=April 6, 2020|archive-url=https://web.archive.org/web/20200406155337/https://www.plasticstoday.com/content/sabic-acquires-ge-plastics-116-billion/5137368976237|url-status=live}}</ref><ref>{{Cite news|url=https://www.nytimes.com/2018/05/21/business/dealbook/us-china-trade.html |archive-url=https://ghostarchive.org/archive/20220102/https://www.nytimes.com/2018/05/21/business/dealbook/us-china-trade.html |archive-date=2022-01-02 |url-access=limited |url-status=live|title=A Brief History of G.E. Asset Sales: DealBook Briefing|date=May 21, 2018|work=The New York Times|access-date=April 6, 2020|language=en-US|issn=0362-4331}}{{cbignore}}</ref>

On December 3, 2009, it was announced that NBCUniversal would become a joint venture between GE and cable television operator [[Comcast]]. Comcast would hold a controlling interest in the company, while GE would retain a 49% stake and would buy out shares owned by Vivendi.<ref>{{cite news |url=https://money.cnn.com/2009/12/03/news/companies/comcast_nbc/index.htm |title=GE, Comcast announce joint NBC deal |last1=Goldman |first1=Davis |last2=Pepitone |first2=Julianne |date=December 3, 2009 |publisher=[[CNN Business|CNNMoney]]|access-date=December 22, 2009 |archive-url=https://web.archive.org/web/20100330061345/http://money.cnn.com/2009/12/03/news/companies/comcast_nbc/index.htm |archive-date=March 30, 2010 |url-status=live}}</ref>

Vivendi would sell its 20% stake in NBCUniversal to GE for US$5.8&nbsp;billion. Vivendi would sell 7.66% of NBCUniversal to GE for US$2&nbsp;billion if the GE/Comcast deal was not completed by September 2010 and then sell the remaining 12.34% stake of NBCUniversal to GE for US$3.8&nbsp;billion when the deal was completed or to the public via an [[Initial public offering|IPO]] if the deal was not completed.<ref>{{cite web|url=http://www.vivendi.fr/vivendi/Nouvel-article,5902 |title=Vivendi to Sell its Stake in NBCUniversal for US$5.8&nbsp;billion |date=December 3, 2009 |publisher=[[Vivendi]] |access-date=December 22, 2009 |url-status=dead |archive-url=https://web.archive.org/web/20091206050534/http://www.vivendi.fr/vivendi/Nouvel-article%2C5902 |archive-date=December 6, 2009}}</ref><ref>{{cite news |url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aMoJZHPclWnY |title=Vivendi to Sell NBC Stake to GE for $5.8 Billion (Update2) |date=December 3, 2009 |work=Bloomberg |first1=Matthew |last1=Campbell |access-date=November 5, 2013 |url-status=dead |archive-url=https://web.archive.org/web/20131105062028/http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aMoJZHPclWnY |archive-date=November 5, 2013}}</ref>

On March 1, 2010, GE announced plans to sell its 20.85% stake in Turkey-based Garanti Bank.<ref>{{cite news |url=http://www.newstatesman.com/banking-and-insurance/2010/03/garanti-bank-turkey-stake |title=General Electric to sell stake in Garanti Bank |date=March 1, 2010 |access-date=March 2, 2010 |archive-url=https://web.archive.org/web/20100417141109/http://www.newstatesman.com/banking-and-insurance/2010/03/garanti-bank-turkey-stake |archive-date=April 17, 2010 |url-status=dead |website=New Statesman }}</ref> In August 2010, GE Healthcare signed a strategic partnership to bring cardiovascular Computed Tomography (CT) technology from start-up Arineta Ltd. of Israel to the hospital market.<ref>{{cite news |url=https://www.zdnet.com/finance/ge-to-get-its-heart-tech-from-israel/ |first1=Dana |last1=Blankenhorn |website=ZDNET |title=GE to get its heart tech from Israel |date=August 1, 2010 |access-date=August 21, 2010 |archive-url=https://web.archive.org/web/20100825152947/http://www.zdnet.com/blog/healthcare/ge-to-get-its-heart-tech-from-israel/3950 |archive-date=August 25, 2010 |url-status=live }}</ref> In October 2010, GE acquired gas engines manufacturer [[Dresser Industries]] in a $3&nbsp;billion deal and also bought a $1.6&nbsp;billion portfolio of retail credit cards from [[Citigroup]] Inc.<ref>{{cite web|url=http://www.comcast.net/articles/news-finance/20101006/BUSINESS-US-GE/print/ |title= GE posts sales slump, rattles recovery hopes |publisher=Comcast.net |first1=Scott |last1=Malone |agency=Reuters |access-date=April 23, 2012 |url-status=dead |archive-url=https://web.archive.org/web/20101023231657/http://www.comcast.net/articles/news-finance/20101006/BUSINESS-US-GE/print/ |archive-date=October 23, 2010 }}</ref><ref name="ge-in-russia">{{cite web| url=http://dmliefer.ru/content/ge-waukesha| title=GE Waukesha (Вакеша) Газопоршневые двигатели |website=DM Lieferant | access-date=April 2, 2014| archive-url=https://web.archive.org/web/20140325224941/http://dmliefer.ru/content/ge-waukesha| archive-date=March 25, 2014| url-status=dead}}</ref> On October 14, 2010, GE announced the acquisition of data migration & SCADA simulation specialists Opal Software.<ref name="htanna">{{cite web|title=GE Acquires Opal Software&nbsp;– Strengthens Smart Grid Software Portfolio |url=http://www.genewscenter.com/content/Detail.aspx?ReleaseID=11178&NewsAreaID=2 |publisher=GE |date=14 October 2010 |access-date=October 19, 2010 |url-status=dead |archive-url=https://web.archive.org/web/20110711083558/http://www.genewscenter.com/content/Detail.aspx?ReleaseID=11178&NewsAreaID=2 |archive-date=July 11, 2011 }}</ref> In December 2010, for the second time that year (after the Dresser acquisition), GE bought the oil sector company [[Wellstream]], an oil pipe maker, for 800&nbsp;million pounds ($1.3&nbsp;billion).<ref>{{Cite news |date=2010-12-13 |title=GE to buy UK oil pipemaker Wellstream for $1.3 billion |language=en-US |first1=Tom |last1=Bergin |work=Reuters |url=https://www.reuters.com/article/idUSTRE6BC0U920101213/ |archive-url=https://web.archive.org/web/20101216021618/http://www.reuters.com/article/idUSTRE6BC0U920101213 |archive-date=December 16, 2010 |url-status=live }}</ref>

In March 2011, GE announced that it had completed the acquisition of privately held Lineage Power Holdings from [[The Gores Group]].<ref>{{cite press release|url=http://www.businesswire.com/news/home/20110302005457/en/GE-Energy-Completes-Acquisition-Lineage-Power |title=Businesswire.com |publisher=Businesswire.com |date=March 2, 2011 |access-date=April 23, 2012 |archive-url=https://web.archive.org/web/20121002063400/http://www.businesswire.com/news/home/20110302005457/en/GE-Energy-Completes-Acquisition-Lineage-Power |archive-date=October 2, 2012 |url-status=live }}</ref> In April 2011, GE announced it had completed its purchase of John Wood plc's Well Support Division for $2.8&nbsp;billion.<ref>{{cite press release|url=http://www.businesswire.com/news/home/20110426006725/en/GE-Completes-Acquisition-John-Wood-Group-PLC%E2%80%99s |title=Businesswire.com |publisher=Businesswire.com |date=April 26, 2011 |access-date=January 15, 2013 |archive-url=https://web.archive.org/web/20130303010436/http://www.businesswire.com/news/home/20110426006725/en/GE-Completes-Acquisition-John-Wood-Group-PLC%E2%80%99s |archive-date=March 3, 2013 |url-status=live }}</ref>

In 2011, GE Capital sold its $2&nbsp;billion Mexican assets to [[Banco Santander|Santander]] for $162&nbsp;million and exited the business in Mexico. Santander additionally assumed the portfolio debts of GE Capital in the country. Following this, GE Capital focused on its core business and shed its non-core assets.<ref>{{cite web|url=http://www.financenews.co.uk/fnews/ge-capital-sells-mexican-assets-to-santander/ |title=GE Capital sells Mexican assets to Santander |publisher=Finance News |access-date=April 23, 2012 |url-status=dead |archive-url=https://web.archive.org/web/20120319231552/http://www.financenews.co.uk/fnews/ge-capital-sells-mexican-assets-to-santander/ |archive-date=March 19, 2012 }}</ref>

In June 2012, CEO and President of GE Jeff Immelt said that the company would invest [[Indian rupee sign|₹]]3 [[billion]] <!-- ? --> to accelerate its businesses in [[Karnataka]].<ref>{{cite news | url=http://www.thehindubusinessline.com/companies/article3500390.ece | title=GE to invest Rs 300 cr for expansion | date=June 7, 2012 | access-date=June 7, 2012 | archive-url=https://web.archive.org/web/20120608204430/http://www.thehindubusinessline.com/companies/article3500390.ece | archive-date=June 8, 2012 | url-status=live }}</ref> In October 2012, GE acquired $7&nbsp;billion worth of bank deposits from [[MetLife|MetLife Inc]].<ref>{{cite news | url=http://in.reuters.com/article/ge-metlife-idINL1E8KOAIV20120924 | title=GE, MetLife tweak terms of deal for $7 bln in bank deposits | agency=Reuters | work=Reuters | date=September 25, 2012 | access-date=October 3, 2012 | archive-url=https://web.archive.org/web/20120925170930/http://in.reuters.com/article/2012/09/24/ge-metlife-idINL1E8KOAIV20120924 | archive-date=September 25, 2012 | url-status=dead }}</ref>

On March 19, 2013, Comcast bought GE's shares in NBCU for $16.7&nbsp;billion, ending the company's longtime stake in television and film media.<ref>{{Cite web|url=https://deadline.com/2013/03/comcast-completes-acquisition-nbcuniversal-457181/|title=Comcast Completes Acquisition Of GE's 49% Stake In NBCUniversal|last1=Lieberman|first1=David|date=March 19, 2013|website=Deadline|language=en|access-date=January 17, 2019|archive-url=https://web.archive.org/web/20190327122300/https://deadline.com/2013/03/comcast-completes-acquisition-nbcuniversal-457181/|archive-date=March 27, 2019|url-status=live}}</ref>

In April 2013, GE acquired oilfield pump maker [[Lufkin Industries]] for $2.98&nbsp;billion.<ref>{{cite news | url=https://www.reuters.com/article/us-ge-lufkin-idUSBRE9370AL20130408 | title=GE to buy oil pump maker Lufkin for nearly $3 billion | author=Ernest Scheyder | work=Reuters | date=April 8, 2013 | access-date=July 1, 2017 | archive-url=https://web.archive.org/web/20151127064441/http://www.reuters.com/article/2013/04/08/us-ge-lufkin-idUSBRE9370AL20130408 | archive-date=November 27, 2015 | url-status=live }}</ref>

In April 2014, it was announced that GE was in talks to acquire the global power division of French engineering group [[Alstom]] for a figure of around $13 billion.<ref>{{cite news| title=GE in talks to buy Alstom's power arm| author=Natalie Huet| work=Reuters| url=https://www.reuters.com/article/us-alstom-offer-general-electric-idUSBREA3O14I20140425| date=April 24, 2014| access-date=July 1, 2017| archive-url=https://web.archive.org/web/20150924200115/http://www.reuters.com/article/2014/04/25/us-alstom-offer-general-electric-idUSBREA3O14I20140425| archive-date=September 24, 2015| url-status=live}}</ref> A rival joint bid was submitted in June 2014 by [[Siemens]] and [[Mitsubishi Heavy Industries]] (MHI) with Siemens seeking to acquire Alstom's gas turbine business for €3.9&nbsp;billion, and MHI proposing a joint venture in steam turbines, plus a €3.1&nbsp;billion cash investment. In June 2014, a formal offer from GE worth $17&nbsp;billion was agreed by the Alstom board. Part of the transaction involved the French government taking a 20% stake in Alstom to help secure France's energy and transport interests and French jobs. A rival offer from Siemens Mitsubishi Heavy Industries was rejected. The acquisition was expected to be completed in 2015.<ref name="AlstonGE">{{cite news|title=Alstom board votes for {{sic|nolink=y|aquis|ition|expected=acquisition}} by GE|url=http://www.francenews.net/index.php/sid/223128443/scat/3a8a80d6f705f8cc/ht/Alstom-board-votes-for-aquisition-by-GE|access-date=June 23, 2014|publisher=France News.Net|archive-url=https://web.archive.org/web/20140709235422/http://www.francenews.net/index.php/sid/223128443/scat/3a8a80d6f705f8cc/ht/Alstom-board-votes-for-aquisition-by-GE|archive-date=July 9, 2014|url-status=dead}}</ref> In October 2014, GE announced it was considering the sale of its [[Poland|Polish]] banking business [[Bank BPH]].<ref>[https://www.reuters.com/article/us-banking-bank-bph-general-electric-div-idUSKCN0I41YO20141015 GE considers sale of Polish unit Bank BPH] {{Webarchive|url=https://web.archive.org/web/20150924205405/http://www.reuters.com/article/2014/10/15/us-banking-bank-bph-general-electric-div-idUSKCN0I41YO20141015 |date=September 24, 2015 }}. [[Reuters]], October 15, 2014</ref>

Later in 2014, General Electric announced plans to open its global operations center in [[Cincinnati]], Ohio.<ref>{{Cite web|url=https://www.daytondailynews.com/business/center-000-jobs-slated-for-downtown-cincinnati/BsQeLOkmUme7WiFJiSkKTL/|title=GE center, 2,000 jobs slated for downtown Cincinnati|date=April 10, 2014|website=Dayton Daily News|access-date=August 13, 2018|archive-url=https://web.archive.org/web/20180814103611/https://www.daytondailynews.com/business/center-000-jobs-slated-for-downtown-cincinnati/BsQeLOkmUme7WiFJiSkKTL/|archive-date=August 14, 2018|url-status=live}}</ref> The Global Operations Center opened in October 2016 as home to GE's multifunctional shared services organization. It supports the company's finance/accounting, human resources, information technology, supply chain, legal and commercial operations, and is one of GE's four multifunctional shared services centers worldwide in [[Pudong]], China; [[Budapest]], Hungary; and [[Monterrey]], Mexico.<ref>{{Cite web|url=https://www.wcpo.com/news/insider/ge-jobs-downtown-the-new-global-operations-center-which-has-already-hired-1400-looks-to-hire-400-more_|title=Having already hired 1,400, GE's new operations center Downtown looks to hire 400 more|date=July 19, 2017|website=WCPO Cincinnati|access-date=August 13, 2018|archive-url=https://web.archive.org/web/20180814103445/https://www.wcpo.com/news/insider/ge-jobs-downtown-the-new-global-operations-center-which-has-already-hired-1400-looks-to-hire-400-more_|archive-date=August 14, 2018|url-status=live}}</ref>

In April 2015, GE announced its intention to sell off its property portfolio, worth $26.5&nbsp;billion, to [[Wells Fargo]] and [[The Blackstone Group]].<ref>{{cite news|url=https://www.bbc.com/news/business-32247268|title=General Electric to sell $26.5bn property portfolio|work=[[BBC News]]|date=April 10, 2015|access-date=July 21, 2018|archive-url=https://web.archive.org/web/20181216185426/https://www.bbc.com/news/business-32247268|archive-date=December 16, 2018|url-status=live}}</ref> It was announced in April 2015 that GE would sell most of its finance unit and return around $90&nbsp;billion to shareholders as the firm looked to trim down on its holdings and rid itself of its image of a "hybrid" company, working in both banking and manufacturing.<ref>{{cite press release| publisher=Reuters| date=April 11, 2015| title=GE to sell bulk of finance unit, return up to $90 billion to investors| url=https://www.reuters.com/article/us-general-electric-divestiture-idUSKBN0N020420150411| access-date=July 1, 2017| archive-url=https://web.archive.org/web/20151116012406/http://www.reuters.com/article/2015/04/11/us-general-electric-divestiture-idUSKBN0N020420150411| archive-date=November 16, 2015| url-status=live}}</ref> In August 2015, GE Capital agreed to sell its Healthcare Financial Services business to [[Capital One]] for US$9&nbsp;billion. The transaction involved US$8.5&nbsp;billion of loans made to a wide array of sectors, including senior housing, hospitals, medical offices, outpatient services, pharmaceuticals, and medical devices.<ref>{{cite press release|url=http://press.capitalone.com/phoenix.zhtml?c=251626&p=irol-newsArticle&ID=2078877|title=Capital One to Acquire GE Capital's U.S. Healthcare Finance Unit|publisher=[[Capital One]]|date=August 11, 2015|access-date=August 14, 2015|archive-url=https://web.archive.org/web/20160101021438/http://press.capitalone.com/phoenix.zhtml?c=251626&p=irol-newsArticle&ID=2078877|archive-date=January 1, 2016|url-status=live}}</ref> Also in August 2015, GE Capital agreed to sell GE Capital Bank's on-line deposit platform to [[Goldman Sachs]]. Terms of the transaction were not disclosed, but the sale included US$8&nbsp;billion of on-line deposits and another US$8&nbsp;billion of brokered certificates of deposit. The sale was part of GE's strategic plan to exit the U.S. banking sector and to free itself from tightening banking regulations. GE also aimed to shed its status as a "systematically important financial institution".<ref>{{cite news|url=https://www.bloomberg.com/news/articles/2015-08-13/goldman-sachs-to-buy-ge-bank-unit-with-16-billion-of-deposits|title=Goldman Sachs to Acquire GE Capital Bank's on-line deposit platform|publisher=[[Bloomberg News]]|date=August 13, 2015|access-date=March 7, 2017|archive-url=https://web.archive.org/web/20170220092452/https://www.bloomberg.com/news/articles/2015-08-13/goldman-sachs-to-buy-ge-bank-unit-with-16-billion-of-deposits|archive-date=February 20, 2017|url-status=live}}</ref>

In September 2015, GE Capital agreed to sell its transportation finance unit to Canada's [[Bank of Montreal]]. The unit sold had US$8.7&nbsp;billion (CA$11.5&nbsp;billion) of assets, 600 employees, and 15 offices in the U.S. and Canada. The exact terms of the sale were not disclosed, but the final price would be based on the value of the assets at closing, plus a premium according to the parties.<ref name="GE Capital">{{cite press release| url=https://newsroom.bmo.com/2015-09-10-BMO-Financial-Group-to-Acquire-General-Electric-Capital-Corporations-Transportation-Finance-Business| title=BMO News Release BMO Financial to acquire GE Capital's transportation finance business| date=September 10, 2015| access-date=September 16, 2015| archive-url=https://web.archive.org/web/20171201042638/https://newsroom.bmo.com/2015-09-10-BMO-Financial-Group-to-Acquire-General-Electric-Capital-Corporations-Transportation-Finance-Business| archive-date=December 1, 2017| url-status=live}}</ref> In October 2015, activist investor [[Nelson Peltz]]'s fund Trian bought a $2.5&nbsp;billion stake in the company.<ref>{{cite web|title= Nelson Peltz's Trian takes $2.5 billion stake in General Electric|url= https://www.reuters.com/article/us-general-electric-stake-idUSKCN0RZ0HY20151005|website= Reuters|date= October 5, 2015|access-date= July 1, 2017|archive-url= https://web.archive.org/web/20151102013034/http://www.reuters.com/article/2015/10/05/us-general-electric-stake-idUSKCN0RZ0HY20151005|archive-date= November 2, 2015|url-status= live}}</ref>

In January 2016, [[Haier]] acquired GE's appliance division for $5.4&nbsp;billion.<ref>{{Cite web|title = China's Haier buying GE appliance unit for $5.4B|url = https://www.usatoday.com/story/money/business/2016/01/15/haier-buying-ge-appliance-unit/78836088/|website = USA Today|access-date = January 15, 2016|archive-url = https://web.archive.org/web/20160115122303/http://www.usatoday.com/story/money/business/2016/01/15/haier-buying-ge-appliance-unit/78836088/|archive-date = January 15, 2016|url-status = live}}</ref> In October 2016, [[GE Renewable Energy]]<!--also holds Alstom--> agreed to pay €1.5&nbsp;billion to [[Doughty Hanson & Co]] for [[LM Wind Power]] during 2017.<ref>{{cite web|url=http://www.windpowermonthly.com/article/1411839/ge-acquires-lm-wind-power|title=GE acquires LM Wind Power|publisher=[[Windpower Monthly]]|access-date=October 11, 2016|archive-url=https://web.archive.org/web/20161012075820/http://www.windpowermonthly.com/article/1411839/ge-acquires-lm-wind-power|archive-date=October 12, 2016|url-status=live}}</ref>

At the end of October 2016, it was announced that GE was under negotiations for a deal valued at about $30&nbsp;billion to combine [[GE Oil & Gas]] with [[Baker Hughes]]. The transaction would create a publicly traded entity controlled by GE.<ref>{{cite news|title=GE to Combine Oil and Gas Business With Baker Hughes|url=https://www.wsj.com/articles/ge-to-combine-oil-and-gas-business-with-baker-hughes-1477908407|website=The Wall Street Journal|date=October 31, 2016|access-date=October 31, 2016|archive-url=https://web.archive.org/web/20161101041433/http://www.wsj.com/articles/ge-to-combine-oil-and-gas-business-with-baker-hughes-1477908407|archive-date=November 1, 2016|url-status=live}}</ref> It was announced that GE Oil & Gas would sell off its water treatment business, GE Water & Process Technologies, as part of its divestment agreement with Baker Hughes.<ref>[http://www.worldpumps.com/view/44987/ge-explores-sale-of-water-process-technologies-business/ GE explores sale of Water & Process Technologies business] {{Webarchive|url=https://web.archive.org/web/20170807193227/http://www.worldpumps.com/view/44987/ge-explores-sale-of-water-process-technologies-business/ |date=August 7, 2017 }}, World Pumps, November 1, 2016</ref> The deal was cleared by the EU in May 2017, and by the [[United States Department of Justice]] in June 2017.<ref>{{cite news|url=http://uk.reuters.com/article/us-baker-hughes-m-a-ge-eu-idUKKBN18R1RF|title=EU clears GE's Baker Hughes purchase without conditions|work=Reuters|access-date=May 31, 2017|archive-url=https://web.archive.org/web/20170531185920/http://uk.reuters.com/article/us-baker-hughes-m-a-ge-eu-idUKKBN18R1RF|archive-date=May 31, 2017|url-status=dead}}</ref><ref>{{cite web|url=http://subseaworldnews.com/2017/06/13/u-s-doj-approves-baker-hughes-ge-merger/|title=U.S. DoJ Approves Baker Hughes – GE Merger|website=Subseaworldnews.com|date=June 13, 2017|access-date=June 21, 2017|archive-url=https://web.archive.org/web/20170613172613/http://subseaworldnews.com/2017/06/13/u-s-doj-approves-baker-hughes-ge-merger/|archive-date=June 13, 2017|url-status=live}}</ref> The merger agreement was approved by shareholders at the end of June 2017. On July 3, 2017, the transaction was completed, and Baker Hughes became a GE company and was renamed Baker Hughes, a GE Company (BHGE).<ref>{{cite web|url=https://www.oedigital.com/component/k2/item/15708-baker-hughes-ge-complete-merger|title=GE, Baker Hughes complete merger|website=Oedigital.com|date=July 3, 2017|access-date=December 26, 2018|archive-url=https://web.archive.org/web/20181226133642/https://www.oedigital.com/component/k2/item/15708-baker-hughes-ge-complete-merger|archive-date=December 26, 2018|url-status=live}}</ref> In November 2018, GE reduced its stake in Baker Hughes to 50.4%.<ref>{{Cite news |url=https://uk.reuters.com/article/us-baker-hughes-ge-results/ges-baker-hughes-upbeat-on-2019-as-lng-demand-grows-idUKKCN1PP1ID |title=GE's Baker Hughes upbeat on 2019 as LNG demand grows |newspaper=Reuters |date=January 31, 2019 |access-date=August 20, 2019 |archive-url=https://web.archive.org/web/20190820120505/https://uk.reuters.com/article/us-baker-hughes-ge-results/ges-baker-hughes-upbeat-on-2019-as-lng-demand-grows-idUKKCN1PP1ID |archive-date=August 20, 2019 |url-status=dead |last1=Hampton |first1=John Benny }}</ref> On October 18, 2019, GE reduced its stake to 36.8% and the company was renamed back to Baker Hughes.<ref>{{Cite news |url=https://www.chron.com/business/energy/article/Baker-Hughes-name-change-becomes-official-14541568.php |title=Baker Hughes name change becomes official |newspaper=Chron |date=October 17, 2019 |access-date=October 21, 2019 |archive-url=https://web.archive.org/web/20191022124230/https://www.chron.com/business/energy/article/Baker-Hughes-name-change-becomes-official-14541568.php |archive-date=October 22, 2019 |url-status=live |last1=Chapa |first1=Sergio }}</ref>

In May 2017, GE had signed $15&nbsp;billion of business deals with [[Saudi Arabia]].<ref>{{cite news |title=GE announces $15 billion of business deals with Saudi Arabia |url=https://www.reuters.com/article/us-usa-trump-saudi-ge/ge-announces-15-billion-of-business-deals-with-saudi-arabia-idUSKCN18G0FB |work=Reuters |date=May 20, 2017 |access-date=July 19, 2018 |archive-url=https://web.archive.org/web/20180719173559/https://www.reuters.com/article/us-usa-trump-saudi-ge/ge-announces-15-billion-of-business-deals-with-saudi-arabia-idUSKCN18G0FB |archive-date=July 19, 2018 |url-status=live }}</ref> Saudi Arabia is one of GE's largest customers.<ref>{{cite news |title=Exclusive: General Electric's power unit faces threat in Saudi Arabia |url=https://www.reuters.com/article/us-usa-media-gay/new-york-times-under-fire-for-homophobic-cartoon-of-trump-and-putin-idUSKBN1K802J |work=Reuters |date=July 19, 2018 |access-date=July 19, 2018 |archive-url=https://web.archive.org/web/20180718144816/https://www.reuters.com/article/us-usa-media-gay/new-york-times-under-fire-for-homophobic-cartoon-of-trump-and-putin-idUSKBN1K802J |archive-date=July 18, 2018 |url-status=live }}</ref> In September 2017, GE announced the sale of its Industrial Solutions Business to [[ABB]]. The deal closed on June 30, 2018.<ref>{{cite news|url=https://www.reuters.com/article/us-abb-ge-industrial-solutions/abb-buys-ge-business-for-2-6-billion-in-bet-it-can-boost-margins-idUSKCN1C00DW|title=ABB buys GE business for $2.6 billion in bet it can boost margins|work=Reuters|access-date=September 27, 2017|archive-url=https://web.archive.org/web/20170928063926/http://www.reuters.com/article/us-abb-ge-industrial-solutions/abb-buys-ge-business-for-2-6-billion-in-bet-it-can-boost-margins-idUSKCN1C00DW|archive-date=September 28, 2017|url-status=live}}</ref><ref>{{cite web |title=ABB completes acquisition of GE Industrial Solutions |url=https://new.abb.com/news/detail/5475/abb-completes-acquisition-of-ge-industrial-solutions |website=New.abb.com |access-date=July 13, 2018 |language=en |archive-url=https://web.archive.org/web/20180713203321/https://new.abb.com/news/detail/5475/abb-completes-acquisition-of-ge-industrial-solutions |archive-date=July 13, 2018 |url-status=live }}</ref>