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IBM selling The Weather Channel and the rest of its weather business (www.cnbc.com)

submitted 1 year ago by [email protected] to c/[email protected]

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IBM selling The Weather Channel and the rest of its weather business::IBM will sell The Weather Company to Francisco Partners, a tech-focused private equity firm, for an undisclosed sum, it announced Tuesday.

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[–] [email protected] 47 points 1 year ago (1 children)

TIL IBM owns the Weather Channel.

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago)

Only the mobile app. They don't own the tv channel.

IBM planned to leverage its Watson technology as part of the acquisition, foreseeing its use for weather analytics and predictions. The deal, which closed the following January,[27] does not include the Weather Channel itself, which remained owned by the Bain/Blackstone/NBCUniversal consortium, and entered into a long-term licensing agreement with IBM for use of its weather data and "The Weather Channel" name and branding

Wikipedia page for The Weather Channel