IBM To Acquire the Weather Co.'s Digital Assets

IBM To Acquire the Weather Co.’s Digital Assets

IBM announced that it was acquiring the Weather Co.’s digital assets in a deal that highlights the changing face of media and underlines the rapid introduction of artificial intelligence into our everyday lives. The technology giant structured the purchase to include the Weather Co.’s fast-growing data businesses: weather.com, Weather Underground, WSI and the Weather Co. brand name. NBCUniversal and two private equity partners will continue to own and operate the television channel that is available in about 90 million homes in the U.S. IBM declined to say how much it was paying for the Weather Co. But people close to the negotiations who were not authorized to speak publicly said the deal was valued at about $2.5 billion. The move underscores how companies are scrambling to reposition themselves for the…


Link to Full Article: IBM To Acquire the Weather Co.’s Digital Assets