General Electric had considered spinning out its corporate venturing operation, but has now shifted its focus to finding a buyer for a portfolio consisting of stakes in more than 100 companies.
GE Ventures, the corporate venturing division of US-based industrial and power technology producer General Electric (GE), is seeking a buyer for its portfolio of more than 100 startups, CNBC reported yesterday.
The revelation follows reports in January 2019 that GE Ventures could be spun out, but the corporate has ostensibly since shifted strategy. Investment bank Lazard has been hired to handle discussions with interested parties.
The unit intends to sell the entire portfolio to a single buyer and hopes…
