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Wallenberg family office supports Electrolux acquisition of GE Appliances

September 9, 2014

The family office behind Swedish banking dynasty, the Wallenbergs, has given their stamp of approval on a recent deal by publicly-listed Electrolux, in which they are the largest shareholder, to buy General Electric’s US appliance business for $3.3 billion (€2.5 billion).

In a statement, the Wallenberg family office, Investor, which holds 15.5% of the capital and 30% of voting shares in Electrolux, said it fully supports the transaction and is looking forward to seeing the brand increase its foothold in North America.

Comcast gains approval for merger

January 20, 2011

Family-controlled media company Comcast announced on 20 January that it has won the approval of US regulators for its merger with NBC Universal, a deal that was first announced more than a year back.

Comcast will acquire 51% of NBCU, with the remaining being retained by General Electric, which will sell it to Comcast over seven years.

Comcast deal brings the Roberts family out of the shadows

December 16, 2009

Brian Roberts completed his first triathlon this year. The event that challenges participants to compete in swimming, running and cycling should be a good preparation for the 50-year-old Comcast chief executive as his cable company takes over the television and movie operations of NBC Universal.

Roberts family positions Comcast to dominate US media market

December 3, 2009

Brian Roberts, the second-generation head of the family-controlled media company Comcast, has overseen a deal that sees Comcast take control of NBC Universal from General Electric, the company announced today.

An insider reviews...

February 1, 2002

Jack: Straight from the Gutby Jack Welch with John A Byrne (Warner Books, Incorporated, 2001)

I trained as a sociologist before I joined my family business and I still like books that are sociological in nature – soulful and intellectual books that inspire while being analytical. So it was with some ambivalence that I bought the biography Jack: Straight from the Gut at the airport to read while on holiday. This book is neither soulful nor analytic, and not my usual cup of tea. I bought it because it is a popular business book and because both my company's CEOand non-executive chair have enjoyed it.