“This is going to be one dynamite company.”
In December of 1985, General Electric (GE) agreed to acquire RCA Corporation (Radio Corporation of America) in a landmark $6.28 billion all-cash deal. Led by CEO Jack Welch (GE) and Chairman Thornton Bradshaw (RCA), it was, at the time, the largest non-oil merger in U.S. corporate history.
I covered the story for the CBS Evening News.
