It was reported that IBM is considering selling its weather forecasting business so that the company will continue to focus on software and cloud services.
IBM is in preliminary talks to sell its weather forecasting business, but no deal is expected to be reached anytime soon, said a person familiar with the matter, who asked not to be named.
In October 2015, IBM announced the acquisition of the digital assets of the weather forecasting company Weather, which was the company’s move into the hot Internet of Things market at the time. Under the deal, the unit includes The Weather Channel and Weather Underground apps and websites. However, IBM did not disclose the specific amount of the acquisition. The company completed the merger in January 2016.
Since then, IBM has sought to reposition the company around cloud computing and spun off Kyndryl, its traditional infrastructure services unit. Earlier this year, IBM said it would cut about 3,900 jobs, mostly those who stayed after the division was spun off.