GE sheds light bulb unit founded by Thomas Edison

• No terms were disclosed, but the WSJ puts the price tag at around $250 million (including assumed liabilities).
• That's only half of what GE hoped to get when it first decided to divest in 2017.

The bottom line: GE is no longer in the consumer products business, although Savant plans to maintain the GE bulb branding via a long-term licensing agreement. As for what's next, GE could become the global leader in giant robot worms.