In a move that everyone saw coming, IBM has announced that they've purchased The Weather Channel. Ok, maybe not, I don't think anyone saw that coming but I guess IBM was feeling left out after all of the big acquisition announcements that have been happening over the last couple weeks. The real reason that IBM acquired The Weather Channel was for their cloud technology and sensors as they are currently handling 26 Billion inquiries a day through their weather apps and through their website, which makes the acquisition make more sense. MarketWatch has more on this announcement.
IBM Corp. on Wednesday confirmed the purchase of The Weather Company, which includes the Weather Channel and its related technology platforms and sensors, to enhance its cloud ecosystem. Terms of the deal, including the price, were not disclosed, but IBM said the purchase adds to the $3 billion investment IBM committed earlier this year to build out products and services in the Internet of Things.