CNBC June 13, 2019
- GE Ventures is looking for a buyer for its portfolio of start-up investments, sources say.
- GE CEO Larry Culp is in the midst of what he calls a multiyear turnaround.
- The stock is down 24% this year.
GE Ventures is looking for a buyer for its portfolio of more than 100 start-ups, according to people familiar with the matter, as parent company General Electric tries to orchestrate a turnaround and get its debt problem under control.
The venture arm, which started in 2013, has been shopping itself for several months and is in discussions with other venture firms as well as groups of limited partners who invest in those funds,...