Haier Suspends Acquisition of GE Appliances Due to Poor US Market Conditions - Circle Post

by nowpei on 2008-10-23 09:33:50

In May this year, GE announced the listing and sale of its home appliance business. After the selling information was released, it attracted a number of buyers from all over the world, including Haier, LG Electronics, and Samsung Electronics, etc. Haier has been hoping to go global and win the global market, and this acquisition is also regarded as the last chance for Haier to compete for a well-known American brand.