, Columnist
GE’s Break With Lightbulbs Is Symbolic and Necessary
By shedding a piece of its past, the American icon takes another step forward in plotting its future.
What’s GE without lightbulbs? We’re about to find out.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
It’s the end of an era at General Electric Co.
The industrial giant that evolved out of the invention of the modern lightbulb agreed on Wednesday to finally sell the remaining vestiges of its lighting business to smart-home company Savant Systems Inc. Terms weren’t disclosed, but the Wall Street Journal reported a price tag of $250 million, which seems like a decent valuation for a business that had become such a small part of GE’s overall enterprise.