IBM is close to agreeing terms to takeover Weather Company, owner of the Weather Channel.
The acquisition is expected to be announced later today and will see the multinational tech giant acquiring the digital and data assets of the Weather Company in a deal valued at more than $2bn.
It does not include the traditional TV channel business but does include such digital businesses as the website and app, intellectual property, infrastructure and data.
IBM is understood to be interested in Weather Co.’s forecasting group, WSI which supplies the technology and weather data that the Weather Co. licences to an array of companies Read full story ›
Source: The Drum
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