Topic: IBM selling The Weather Channel and the rest of its weather business

[Notsorusty]

This just in from CNBC.com

https://www.cnbc.com/2023/08/22/ibm-sells-the-weather-channel-and-the-rest-of-its-weather-business.html

"Private equity firm" is not the best of news!

[DoctorKnow]

They may sink monies into making improvements on some levels, before they sell these businesses again in a few years... They may start to add fees to some portions, and may do away with rapid updates in the worst case. The maps are not very good to say the least currently, maybe that will at least improve.

[cmg]

Hi
My question, in the first place is why they bought it and then why they spoiled what was good.
Regards

[parkernathan]

I haven't used the WU app in a longtime. Any good reason to download it at the moment?

[WheatonRon]

I view this sale as being good for us amateurs. Big Blue didn’t do us any favors. Per the press release, the sale won’t be final til April 2024, and that is probably optimistic.

[parkernathan]

I wasn't a big of IBM (or TWC's) ownership of WU. Both seemed to run everything in a sub-par way to maximize profit at the expense of consumers.

Although if an investment firm is buying it, it may not be too much better off. I wish WU would return to its original roots.

Too bad AEM didn't acquire it. I would have had fun jumping into WU-related stuff, and having a WSI machine to play with would have been the icing on the cake.

[rrwcf]

I hope the new owner can revive some of the former greatness.

But I am not optimistic.

My big concern:
I want all my data for the last 10-12 years.  ALL of it.

[ValentineWeather]

Think they are talking about the App and not the actual Weather Channel on TV which is owned by Climate activist Byron Allen and a big DNC donor. Allen purchased the WC in 2018 and now they push the Climate Cult agenda.