Private Equity Firm Francisco Partners Buys IBM Weather Business at a Value of Around $1BN
Private Equity Insights
AUGUST 23, 2023
International Business Machines has agreed to sell its weather business to private equity firm Francisco Partners for an undisclosed sum, the technology services giant said on Tuesday. The sale includes The Weather Company’s consumer-focused assets such as Weather.com and Storm Radar, as well as enterprise offerings for industries including media and aviation.