IBM selling The Weather Channel and the rest of its weather business::IBM will sell The Weather Company to Francisco Partners, a tech-focused private equity firm, for an undisclosed sum, it announced Tuesday.
Same firm that acquired LogMeIn (LastPass) and MyFitnessPal–and after those acquisitions both MyFitnessPal and LastPass quickly moved to worsen the free tiers of services in favor of their paid subscription models.
Makes sense. Now they can focus more on their core business. Google recently sold it’s domain registry, I think it might be the same thing.
I hear this a lot, but every company I’ve been a part of that did it seemed to be a bad idea. If a division makes money, the only reason to sell is because you believe the investment in that division can be used to make more money (for less). Getting rid of a profitable entity is usually greed based.
It’s corporate-speak that means nothing. The same company “focused on it’s core business” today will buy something unrelated sometime later and say it’s “poised for growth in a growing market”.
Does anyone know of a great alternative weather app?
I’ve recently switched to Weawow and it’s great! Really high quality widgets and a really powerful notification area feature.
Today I learned that IBM is still a major thing
We did away with that pesky business failures. Now all corporate are eternal.
I knew they were a thing because I run into them in IT from time to time… but had no idea they owned the weather channel. Wild.
