IBM Is Selling Assets of the Weather Company to Private Equity Firm Francisco Partners

IBM is selling assets of The Weather Company — including Weather.com and The Weather Channel mobile app — to private equity firm Francisco Partners.

The two companies announced the deal Tuesday that also includes The Weather Company’s forecasting science and technology platform and other digital properties. They did not disclose its price.

IBM agreed to buy The Weather Channel mobile app along with the digital assets of The Weather Company in 2015 for $2 billion — but did not acquire The Weather Channel seen on TV. Allen Media Group has owned the Weather Group, which includes The Weather Channel television network, since 2018.

Read the source article at U.S. News