Following rumors that it was exploring the sale of its weather business as part of a move to streamline operations, IBM says that it’s found a buyer for The Weather Company, the weather forecasting and information company it acquired in 2015.
Francisco Partners, the private equity firm, has signed a definitive agreement to acquire The Weather Company assets from IBM, the two companies announced today. The terms of the deal weren’t disclosed, save that it’s expected to close by the end of Q1 2024 — subject to regulatory approvals and customary closing conditions, of course.
As a part of the acquisition, Francisco Partners will get The Weather Company’s consumer-facing apps including The Weather Channel mobile, Weather. …
