IBM, which owns The Weather Company and brands like Weather.com, Weather Underground, and The Weather Channel app (but not the TV channel, it’s all very confusing) is selling all its weather assets to a private equity firm. It sounds like Francisco Partners has consumer-friendly plans, but this might be bad news for your favorite web app. Weather data is a big and competitive business, and a new owner might not be so friendly about it.
, Weather Underground, and The Weather Channel app is selling all its weather assets to a private equity firm.
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IBM selling The Weather Channel and the rest of its weather businessIBM 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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The Weather Company Sold to Private Equity FirmThe digital assets of The Weather Channel, owned by IBM since 2016, will form a standalone company backed by investment firm Francisco Partners.
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