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World News
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Title: EL Rothschild buys stake in Weather Central
Source: Financial Times
URL Source: http://www.FT.com
Published: Feb 1, 2011
Author: Andrew Edgecliffe-Johnson
Post Date: 2011-02-01 16:16:07 by CadetD
Keywords: weather, wars
Views: 63
Comments: 1

Sir Evelyn de Rothschild and his wife Lynn Forester de Rothschild have taken a 70 per cent stake in Weather Central, seeing strong growth prospects for selling its weather data to insurers, commodity traders, energy companies and emerging market broadcasters.

EL Rothschild, the family investment company, disclosed no financial details of the acquisition of shares, largely from current management. The deal comes almost three years after Bain Capital, Blackstone and NBC Universal bought Weather Channel for $3.2bn.

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#1. To: CadetD (#0)

Sir Evelyn de Rothschild and his wife Lynn Forester de Rothschild have taken a 70 per cent stake in Weather Central ...

That's a guarantee that global warming will be stuffed down our throats, even when we see 24 inches of snow outside and six months out of the year!!!

Phant2000  posted on  2011-02-01   22:33:26 ET  Reply   Trace   Private Reply  


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