CNBC:

• “IBM said Tuesday it’s selling its weather unit, including The Weather Channel mobile app and websites, Weather.com, Weather Underground and Storm Radar.
• IBM will sell The Weather Company and its assets to Francisco Partners, a tech-focused private equity firm, for an undisclosed sum; as part of the deal, IBM will retain access to the company’s weather data, which it uses to power some of the AI models it sells to enterprise clients.
• IBM has reportedly been exploring a sale of its weather unit, which it says serves an average of 415 million people monthly, since at least April, as IBM seeks to focus on key drivers such as software, cloud services and AI.”