IBM said Tuesday it’s selling its weather unit, including The Weather Channel mobile app and websites, Weather.com, Weather Underground and Storm Radar.
IBM will sell The Weather Company and its assets to Francisco Partners, a tech-focused private equity firm, for an undisclosed sum. The deal, which is expected to close by April, also includes the weather unit’s forecasting science and tech platform, as well as enterprise data services for the broadcast, media, aviation and ad tech industries. Francisco Partners plans to pivot part of the weather business to be more consumer-facing, adding new tools for users related to health and well-being, per the announcement. ---More...
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