IBM nears deal to buy Weather Company's digital assets -source

Reuters News
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Posted: Oct 27, 2015 7:25 PM

By Liana B. Baker

(Reuters) - International Business Machines Corp <IBM.N> is nearing an agreement to buy the Weather Company's digital assets in a deal that could be announced as soon as this week, according to a source familiar with the matter.

The deal, which will not include the Weather Channel cable network, would be valued at more than $2 billion, the Wall Street Journal reported earlier on Tuesday, citing sources. (http://on.wsj.com/1P3rTAZ)

IBM and the Weather Company could not immediately be reached for comment.

(Reporting by Liana B. Baker in New York and Rama Venkat Raman in Bangalore; Editing by Ken Wills)