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IBM to spend billions to get in the weather data business

Written by Andre Yoskowitz (Google+) @ 28 Oct 2015 0:15 User comments (1)

IBM to spend billions to get in the weather data business IBM is set to acquire the digital and data assets of the Weather Channel in a deal that could top $2 billion.
While the deal will include the website, apps and intellectual property it will not include the legacy TV channel business.

Weather Co., the parent company of The Weather Channel, was acquired by private equity firms in 2008 for $3.5 billion and has built its digital assets significantly since then.

The deal is not completely surprising since IBM has stated interest in Weather Co.'s forecasting unit, WSI, for some time. Additionally, the two companies already have a partnership that involves IBM's AI service Watson and selling weather data and business solutions to different industries.

Source:
WSJ

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1 user comment

128.10.2015 15:10

And this FULLY explains why the Weather Channel's website, weather.com has been BRUTALLY inaccurate and and unreliable as of the past year(ish)

And truly; weather.com is terrible. NOTHING like their tv channel.

Good riddance to this crap and let IBM have it, as they might actually improve upon it.......maybe

Otherwise, i've switched to NOAA's weather and Intellicast.com


TWC's app is just as bad as their website too. Virtually useless!

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