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IBM carves out Weather Co.'s data platform

Oct 28, 2015 - The Deal Pipeline
Mergers and Acquisitions

With IBM Corp.'s (IBM) purchase of Weather Co.'s data platforms, the IT group aims to improve the forecast for its operations in cloud services, data analytics and the so-called Internet of things. IBM will acquire Weather Co.'s mobile and cloud-based web sites, operations that serve businesses and other units from the portfolio company of Blackstone Group, Bain Capital, and Comcast Corp.'s (CMCSA) NBCUniversal. The Armonk, NY, buyer will not acquire Weather Co.'s TV channel. "More stuff f...