Bain Capital, Blackstone divest The Weather Company's digital businesses
February 02, 2016
Bain Capital and Blackstone have completed the sale of The Weather Company’s product and technology businesses to IBM (NYSE: IBM). In the deal, IBM gains control of Weather.com, Weather Underground, The Weather Company brand and WSI, the company’s business-to-business brand; the acquisition will serve as the foundation for the Watson IoT Cloud platform. Bain Capital and Blackstone had teamed with NBCUniversal to acquire The Weather Company for $3.5 billion in 2008.