GE is saying goodbye to its 129-year-old light bulb business

The General Electric Co. logo is seen on a light-emitting diode (LED) light bulb arranged for a photograph in Tiskilwa, Illinois, U.S., on Monday, Oct. 29, 2018. General Electric Co. is scheduled to release earnings figures on October 30.

General Electric is saying goodbye to the light bulb. The conglomerate is shedding a struggling business founded by Thomas Edison more than a century ago.

After years of failing to find a buyer, GE announced Wednesday it will sell its 129-year-old lighting division to smart home company Savant Systems.

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