Ancestry.com Acquired for $1.6 Billion
Ancestry.com, the genealogy database and social network behind NBC's "Who Do You Think You Are?" has been purchased for approximately $1.6 billion, or $32 a share, according to a report by the Wall Street Journal.
Ancestry.com, the genealogy database and social network behind NBC’s “Who Do You Think You Are?” has been purchased for approximately $1.6 billion, or $32 a share, according to a report by the Wall Street Journal.
Permira purchased the site along with the European private-equity firm’s co-investors; Ancestry.com CEO Tim Sullivan, CFO Howard Hochhauser, and other members of the company’s management; and Spectrum Equity, which holds about a 30 percent share of Ancestry.com.
Publicly traded since November 2009, Ancestry.com
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