Posted on April 16, 2008 at 2:19 PM
Filed under: Corporate Strategy | Deal International
Tagged: China , earnings , General Electric , M&A , NBC Universal

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Just days after announcing a surprising earning miss, which sent the stock tumbling and reignited NBC Universal sale talk, General Electric Co. said it plans to invest up to $2 billion in acquisitions and other deals in China over the next three years as part of a strategy to double its revenues in the country, according to FT.com. The article also reported the conglomerate is looking to expand its China deal team from two to eight, and that it plans to increase its revenues in China to $10 billion by 2010, compared to 2007 revenues of $4.4 billion. - Baz Hiralal

Read about GE's 1Q earning's drop
Go to the Financial Times story
GE's earnings reignite NBC sale talk


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