BM selling The Weather Channel and the rest of its weather business

[usonian]

See! They ruined the weather and are disclaiming responsibility ( )
https://www.cnbc.com/2023/08/22/ibm-sells-the-weather-channel-and-the-rest-of-its-weather-business.html

IBM said Tuesday it’s selling its weather unit, including The Weather Channel mobile app and websites, Weather.com, Weather Underground and Storm Radar.

IBM will sell The Weather Company and its assets to Francisco Partners, a tech-focused private equity firm, for an undisclosed sum. The deal, which is expected to close by April, also includes the weather unit’s forecasting science and tech platform, as well as enterprise data services for the broadcast, media, aviation and ad tech industries. Francisco Partners plans to pivot part of the weather business to be more consumer-facing, adding new tools for users related to health and well-being, per the announcement.

As part of the deal, IBM will retain access to the company’s weather data, which it uses to power some of the artificial intelligence models it sells to enterprise clients. That system, which is also trained on NASA’s satellite data, is geared toward parsing ESG data and climate analysis such as natural disaster monitoring.

IBM paid $2 billion for the company in 2016 and has reportedly been exploring a sale since at least April, as it seeks to streamline its business. The company said its weather unit serves an average of 415 million people monthly, and reports in April estimated the coming deal to be valued at more than $1 billion.