Francisco Partners To Acquire The Weather Company Assets From IBM; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Francisco Partners is set to acquire The Weather Company assets from IBM. The terms of the deal have not been disclosed.
August 22, 2023 | 12:04 pm
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NEUTRAL IMPACT
IBM is selling The Weather Company assets to Francisco Partners. The financial details of the transaction are not disclosed.
The sale of The Weather Company assets by IBM to Francisco Partners could potentially free up resources for IBM, but without the financial details of the deal, it's hard to predict the exact impact on IBM's stock. Therefore, the score is neutral.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100