Comment on IBM selling The Weather Channel and the rest of its weather business
fmstrat@lemmy.nowsci.com 1 year agoI 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 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”.