GE To Fully Divest From Baker Hughes
Just 3 years after its landmark merger, GE has announced that in the next 3 years it plans to sell of all its remaining shares in Baker Hughes.
Baker Hughes Adds an AI Option
Baker Hughes is still a GE company, but it has partnered with a second company for artificial intelligence expertise, C3.ai. The deal is expected to speed the integration of AI into oilfield operations by the company which also markets GE’s device analytics platform, Predix.
GE Speeds Up Plan To Sell Stake in Baker Hughes
The deal would raise nearly $4 billion for GE, which plans to reduce its stake in the oilfield services company from 62.5% to at least 50.1% after the transactions. It had previously announced in June its intention to sell its stake over a 2- to 3-year period.
GE To Spin Off Baker Hughes
GE announced today that it is spinning off Baker Hughes in its strategic plan for growth and shareholder value creation. It plans to focus on aviation, power, and renewable energy.
It’s Official: GE, Baker Hughes Complete Merger
The merger of industrial giant GE and oilfield services firm Baker Hughes closed on 3 July, creating the second-largest oil field services firm in the world.
New Leadership Announced For Merged GE-Baker Hughes
As the GE-Baker Hughes deal moves closer to finalization we now know who will be leading the combined company.
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