GE Weighs Baker Hughes Partnership as Oil Giants Pilot Slump

Months after General Electric Co. considered a potential deal for Baker Hughes Inc. assets, the pair are in talks to form unspecified “partnerships” as oilfield equipment makers and service providers grapple with an extended rout in energy prices.

The discussions are ongoing but GE isn’t weighing “an outright purchase,” spokeswoman Deirdre Latour said Thursday in a statement. GE held talks earlier this year about buying pieces of Baker Hughes that would have been divested under a pending merger with Halliburton Co. — a deal that eventually collapsed. Baker Hughes acknowledged the talks with GE for the first time on Friday.

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