Photographer: Patrick T. Fallon/Bloomberg

GE to Sell Appliances Unit to China's Haier for $5.4 Billion

  • Deal replaces failed $3.3 billion Electrolux agreement
  • Haier offers premium to boost position in U.S. market

General Electric Co. agreed to sell its home-appliances business to China’s Qingdao Haier Co. for $5.4 billion after scrapping a deal with Electrolux AB last month.

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