Environment

Monsanto Buys Big Data Climate Firm for $930M, Reports 4Q Loss

02nd Oct `13, 12:31 PM in Environment

Agriculture giant Monsanto (MON) inked a $930 million all-cash deal on Wednesday to acquire big data weather company…

BDMS
Guest Contributor
 

Agriculture giant Monsanto (MON) inked a $930 million all-cash deal on Wednesday to acquire big data weather company The Climate Corp. and disclosed a deeper fiscal fourth-quarter loss.

Shares of the world’s largest seed maker slumped almost 3% on the latest developments.

Monsanto hopes to combine The Climate Corp.’s strength in agriculture analytics and risk management with its own R&D capabilities to help farmers grow crops and conserve natural resources.

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