PA's Rite-Aid gives it up to Walgreens, but at nice premium; IBM says SEC looking at its revenue recognition practices, while Weather Channel deal looms

Follow @phillytechnews

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email



Can Oracle lead in the cloud? Only if customers follow (PC World)

Oracle talks up a slew of Amazon-like cloud services (Fortune)


Oracle’s moment clouded by the likes of competitor Workday (Fortune: Data Sheet)

Oracle cloud ERP adds manufacturing, supply chain planning (TechTarget)


IBM Says the SEC Is Investigating Accounting for Revenue Recognition (Bloomberg)

IBM nears $2B deal for Weather Channel’s digital assets (MarketWatch)
Comcast's NBC owns about 1/3 of TWC, along with two private equity firms who own the rest. The deal would only include TWC's weather data and various analytical tools, not the broadcasting operation.

You might be happy to hear that Al Roker wasn't included in the deal, but his show was dropped late last month anyway, though he'll continue to make mobile-only video clips in the morning. TWC's owners (Bain and The Blackstone Group, both very smart, have been Comcast's PE partners) have been unhappy with broadcast ops, though I think their own missteps have added to the problems. A major programing overhaul began in September.

The three current owners paid a bit less than $3.5 billion in 2008 to acquire TWC from Landmark Communications, according to a report at the time in the New York Times.


Walgreens says will buy smaller drugstore rival Rite-Aid (Reuters)


Rite Aid purchase shocks East Pennsboro Twp. officials (PennLive)



Dreamit day shows off latest health start-ups (Philadelphia Inquirer)

Fast-growing Center City tech company (RJMetrics) keeps expanding (Philadelphia Business Journal)

UPDATE 1-Sports fantasy trade group creates control board, wants to self-regulate (Reuters)