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IBM Agrees to Acquire Weather Channel's Digital Assets

  • Combination to form basis for new Internet of Things unit
  • Television channel isn't part of purchase; terms not disclosed
Bloomberg business news

Why IBM Wants to Buy Weather Co.'s Digital Assets

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IBM agreed to acquire digital assets from Weather Co., which include the Weather Channel and Weather Underground apps and websites, attempting to strengthen its ability to crunch data for customers and capitalize on the so-called Internet of Things.

The Weather Channel television property, which isn’t part of the acquisition, will license weather forecast data and analytics from IBM under a long-term contract, the Armonk, N.Y.-based company said in a statement Wednesday.