General Electric (GE) - Get Report shares were rising slightly on a report that the company's venture capital arm, GE Ventures, was looking to sell itself and unload its portfolio of more than 100 start-ups
GE Ventures, which was started in 2013, has been shopping itself for several months and is currently in talks with other venture firms about a possible buyout, sources told CNBC on Thursday.
"During this time of transformation for GE, we are evaluating strategic options for GE Ventures to continue delivering returns for our shareholders and partners," said Megan Newhouse, a GE spokeswoman, in a statement to CNBC. "While we can't comment specifically on that process, we remain committed to supporting our portfolio companies, business units and partnering with the entrepreneurial ecosystem."
GE shares were rising 0.34% to $10.31 on Thursday.