(Reuters) -- International Business Machines Corp is nearing an agreement to buy the Weather Company's digital assets in a deal that could be announced as soon as this week, according to a source familiar with the matter.

The deal, which will not include the Weather Channel cable network, would be valued at more than $2 billion, the Wall Street Journal reported earlier on Tuesday, citing sources.

IBM and the Weather Company could not immediately be reached for comment.

(Reporting by Liana B. Baker in New York and Rama Venkat Raman in Bangalore; Editing by Ken Wills)