GE Appliance-Unit Suitor Quirky Said to Exit Bidding

Quirky Inc., a startup specializing in crowd-sourced development of small household products, is no longer pursuing General Electric Co.’s appliances unit, a person with knowledge of the matter said.

The closely held company had been considering making a bid, said the person, who asked not to be identified because the deliberations are private. New York-based Quirky had been in discussions to team with private-equity firms including Blackstone Group LP for an offer, another person had said.