Deals
Weather Channel Said to Talk to Banks on Options Including Sale
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The buyout firms that own Weather Channel Cos. have spoken to JPMorgan Chase & Co. and Goldman Sachs Group Inc. about strategic options including a possible sale, according to people familiar with the matter.
Weather Channel hasn’t begun a formal process or hired a bank, according to the people, who asked not to be named because the discussions were private. Blackstone Group LP, Bain Capital LLC and Comcast Corp.’s NBCUniversal bought Weather Channel Cos. in 2008 for about $3.5 billion.