US EditionIBM selling The Weather Channel and the rest of its weather business
- IBM is selling its weather unit, which includes The Weather Channel and Weather.com, to tech-focused private equity firm Francisco Partners.
- The deal also includes the weather unit's forecasting science and tech platform, as well as data services for various industries.
- IBM will retain access to the company's weather data for its artificial intelligence models, which are used for ESG data and climate analysis.
29 Articles
29 Articles
IBM is selling The Weather Company assets to private equity firm
NEW YORK (AP) — IBM is selling assets of The Weather Company — including Weather.com and The Weather Channel mobile app — to private equity firm Francisco Partners. The two companies announced the deal Tuesday that also includes The Weather Company’s forecasting science and technology platform and other digital properties. They did not disclose its price. IBM agreed to buy The Weather Channel mobile app along with the digital assets of The Weath…
IBM sells The Weather Company assets to Francisco Partners
BusinessIT major IBM has sold The Weather Company, the weather forecasting and information company it acquired in 2015 for $2 billion, to global investment firm Francisco Partners for an undisclosed sum.IMAGE FOR REPRESENTATIONIT major IBM has sold The Weather Company, the weather forecasting and information company it acquired in 2015 for $2 billion, to global investment firm Francisco Partners for an undisclosed sum. The assets being acquired…
IBM's Portfolio Makeover - Divests Weather Company Assets To Francisco Partners - IBM (NYSE:IBM)
International Business Machines Corporation (NYSE: IBM) inked a pact on Tuesday to sell The Weather Company assets to Francisco Partners, a leading global investment firm. Specific terms of the transaction were not disclosed. The Weather Company is the parent of Weather.com, Weather Underground, and Storm Radar, among others. Francisco Partners will acquire all digital consumer-facing offerings, including enterprise offerings ...Full story avai…
IBM is selling The Weather Company assets to private equity firm Francisco Partners
NEW YORK (AP) — IBM is selling assets of The Weather Company — including Weather.com and The Weather Channel mobile app — to private equity firm Francisco Partners. The two companies announced the sale Tuesday but did not disclose its price. IBM said it will still keep its sustainability software business and plans to still use The Weather Company’s weather data for this technology. The sale is set to close in early 2024. IBM bought The Weather …
IBM is selling The Weather Company assets to private equity firm Francisco Partners
NEW YORK (AP) — IBM is selling assets of The Weather Company — including Weather.com and The Weather Channel mobile app — to private equity firm Francisco Partners. The two companies announced the sale Tuesday but did not disclose its price. IBM said it will still keep its sustainability software business and plans to still use The Weather Company’s weather data for this technology. The sale is set to close in early 2024. IBM bought The Weather …
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