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November 16, 1995

GENIE SERVICE IS FOR SALE

By CBR Staff Writer

Another major does not see much future for proprietary on-line services: General Electric Co Inc’s GEnie on-line service has informed information providers, content providers and development managers – and its employees, that it is up for sale, Newsbytes reports. It quotes Horace Martin, vice-president, business development and sourcing and acting president, GEnie Online Services, saying that GE Information Services is working with the investment bank Allen & Co to identify potential buyers for the service. GEnie is said to represent less than 5% of GE Information Services’ $700m or so annual turnover, and no longer fits the strategy. GE brought Ameritech Inc in as a partner for its Information Services business last year.

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