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.

  • to55@discuss.tchncs.de
    link
    fedilink
    English
    arrow-up
    0
    ·
    edit-2
    1 year ago

    Makes sense. Now they can focus more on their core business. Google recently sold it’s domain registry, I think it might be the same thing.

    • fmstrat@lemmy.nowsci.com
      link
      fedilink
      English
      arrow-up
      0
      ·
      1 year ago

      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.

      • BlackSpasmodic@lemmy.dbzer0.com
        link
        fedilink
        English
        arrow-up
        0
        arrow-down
        1
        ·
        1 year ago

        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”.