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

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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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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[–] nymwit@lemm.ee 2 points 1 year ago

BM 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