International Business Machines Corp. (IBM) has agreed to acquire the Weather Company’s data and digital properties which would include Weather.com
Financial terms weren’t disclosed. But the deal is valued at more than $2 billion
It doesn’t include Weather’s primary TV asset, the Weather Channel.
“In 2008, the Weather Co. was bought by an investor group — led by Comcast’s NBCUniversal and the private equity firms Bain Capital and the Blackstone Group — for about $3.5 billion. But reports have surfaced in recent months that the Atlanta-based company was looking to unload its digital business to focus on TV assets.”
Source
Financial terms weren’t disclosed. But the deal is valued at more than $2 billion
It doesn’t include Weather’s primary TV asset, the Weather Channel.
“In 2008, the Weather Co. was bought by an investor group — led by Comcast’s NBCUniversal and the private equity firms Bain Capital and the Blackstone Group — for about $3.5 billion. But reports have surfaced in recent months that the Atlanta-based company was looking to unload its digital business to focus on TV assets.”
Source