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Tuesday, February 08, 2011

Rothschilds Buyout Weather Central

E.L. Rothschild LLC, a private investment company led by Chairman Sir Evelyn de Rothschild and CEO Lynn Forester de Rothschild, today announced the signing of a definitive agreement to acquire a 70% interest in Weather Central, LP (www.wxc.com).

The world's leading provider of interactive weather graphics and data services for television, web, and mobile, Weather Central's highly accurate and personalized forecasting offers businesses and consumers a truly unique suite of science-driven weather information products. The company will continue to operate under CEO and founder, Terry Kelly, as well as current management. Financial terms of the acquisition were not disclosed.'

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1 comment:

  1. Well, with all the flooding and extreme weather we are now having on a regular basis, wouldn't you want to be the first to know, if you could afford to?

    I know I would. However, 70% is a very high stake. I wonder why so high. Hmmmm....

    ReplyDelete

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