Thursday, April 13, 2023

IBM to Sell Its Weather Business

IBM purchased The Weather Company's commercial business for $2 billion. Now, according to the Wall Street Journal...

International Business Machines Corp. is exploring a sale of its weather operation, according to people familiar with the matter, as the technology company seeks to streamline its operations. An auction of the business is at an early stage, the people said, and there may not be a deal. Should there be one, private-equity is most likely the buyer in a deal that could be valued at more than $1 billion, the people said.

AT&T and others have tried to create giant weather businesses and, to my knowledge, none have succeeded. All of the successful companies of which I am aware were entrepreneurial. It is a difficult business that requires passion. 

I wish them well. 

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