IBM Seeking Digital Assets of Blackstone-, Bain-backed The Weather Channel
October 20, 2015
IBM (NYSE: IBM) is reportedly in advanced talks to acquire the digital assets of The Weather Channel from owners including Blackstone and Bain Capital. The PE firms had acquired The Weather Channel with NBCUniversal for roughly $3.5 billion in 2008. The company's digital businesses include The Weather Channel's website, Weather.com, and Weather Underground.