IBM selling The Weather Channel and the rest of its weather business::IBM will sell The Weather Company to Francisco Partners, a tech-focused private equity firm, for an undisclosed sum, it announced Tuesday.
IBM selling The Weather Channel and the rest of its weather business::IBM will sell The Weather Company to Francisco Partners, a tech-focused private equity firm, for an undisclosed sum, it announced Tuesday.
I hear this a lot, but every company I’ve been a part of that did it seemed to be a bad idea. If a division makes money, the only reason to sell is because you believe the investment in that division can be used to make more money (for less). Getting rid of a profitable entity is usually greed based.
It’s corporate-speak that means nothing. The same company “focused on it’s core business” today will buy something unrelated sometime later and say it’s “poised for growth in a growing market”.