IBM to buy Weather Company's digital assets for $2+ billionStaff writer ▼ | October 28, 2015
IBM said it would buy the Weather Company's digital assets to boost its Watson cloud and Internet of Things platforms.
Acquisition The Weather Channel will not be sold
The Weather Channel will use weather forecast data and analytics from IBM under a long-term contract.
The deal highlights IBM's focus on high-growth areas such as cloud computing and analytics as it dumps low-margin businesses such as cash registers, low-end servers and semiconductors.
The Weather Company of Atlanta is owned by private equity firms Blackstone Group and Bain Capital and Comcast Corp's NBC Universal, which bought the firm in 2008 for about $3.5 billion. ■