Crossroads

At the intersection of technology, finance and the Pacific Rim.

Thursday, May 29, 2008

LGE and GE

LG Electronics is reportedly discussing the acquistion of GE's home appliance division. Reuters reports:

"The players have become somewhat obvious," Immelt told reporters in South Korea. "It is Haier in China, it is LG in Korea, it's Mabe in Mexico, it's Arcelik in Turkey."
In Beijing, he added another name to the list of suspects: "Whether LG or Haier or Electrolux or others participate remains to be seen."

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