In a Thursday announcement, GE indicated its interest in allowing investor Warren Buffet of Berkshire Hathaway to purchase $6B in stock from the company.

GE stocks did see a little rise upon the release of the news, however, they are still down nearly four percent.

General Electrics is a technology and services conglomerate started in 1876. The company is currently the 6th largest company in the world, and one of the most successful conglomerates ever started. The Fairfield, Connecticut-based company is headed by CEO Jerry Immelt. Immelt became CEO in September of 2001, at which time the 9/11 attacks happened and took a toll on some parts of the company, including its aviation services sector.

Warren Buffet, an investor with a majority share in Berkshire Hathaway is one of the wealthiest people in the world, with a net worth of $62B. He is also a philanthropist, having announced in 2006 his intentions to donate his fortune to charity. Buffet has been active in sharing his views on the current economic crisis.