May 21, 2015

GE willing to sell off intellectual property to secure regulatory approval for its $17 billion Alstom Deal

The comments by Chief Executive Jeff Immelt were the most specific yet about what GE would and wouldn’t concede as European regulators continue to review the deal announced more than a year ago.

GE Open to Intellectual Property Sales to Get Alstom Deal Nod - WSJ
GE said it would be willing to sell off intellectual property to secure regulatory approval for its $17 billion deal for Alstom’s power business, but said concessions around the French company’s service business aren’t an option.