Free Updates
Navigation
Categories
| June, 2013 (7) |
| May, 2013 (25) |
| April, 2013 (20) |
| March, 2013 (24) |
| February, 2013 (25) |
| January, 2013 (20) |
| December, 2012 (19) |
| November, 2012 (25) |
| October, 2012 (22) |
| September, 2012 (24) |
| August, 2012 (24) |
| July, 2012 (21) |
| June, 2012 (22) |
| May, 2012 (28) |
| April, 2012 (44) |
| March, 2012 (36) |
| February, 2012 (36) |
| January, 2012 (27) |
| December, 2011 (22) |
| November, 2011 (29) |
| October, 2011 (52) |
| September, 2011 (26) |
| August, 2011 (26) |
| July, 2011 (17) |
| June, 2011 (31) |
| May, 2011 (32) |
| April, 2011 (31) |
| March, 2011 (31) |
| February, 2011 (28) |
| January, 2011 (27) |
| December, 2010 (34) |
| November, 2010 (26) |
| October, 2010 (27) |
| September, 2010 (27) |
| August, 2010 (31) |
| July, 2010 (23) |
| June, 2010 (30) |
| May, 2010 (23) |
| April, 2010 (30) |
| March, 2010 (30) |
| February, 2010 (30) |
| January, 2010 (23) |
| December, 2009 (19) |
| November, 2009 (27) |
| October, 2009 (30) |
| September, 2009 (25) |
| August, 2009 (26) |
| July, 2009 (33) |
| June, 2009 (32) |
| May, 2009 (30) |
| April, 2009 (39) |
| March, 2009 (35) |
| February, 2009 (21) |
| January, 2009 (29) |
| December, 2008 (15) |
| November, 2008 (15) |
| October, 2008 (25) |
| September, 2008 (30) |
| August, 2008 (26) |
| July, 2008 (26) |
| June, 2008 (22) |
| May, 2008 (27) |
| April, 2008 (20) |
| March, 2008 (20) |
| February, 2008 (19) |
| January, 2008 (22) |
| December, 2007 (21) |
| November, 2007 (26) |
| October, 2007 (20) |
| September, 2007 (17) |
| August, 2007 (23) |
| July, 2007 (17) |
| June, 2007 (13) |
| May, 2007 (7) |
Search
Archives
More Links
|
 Monday, October 22, 2012
European Private Equity Firm to Purchase Ancestry.com
Posted by Diane
Online genealogy company Ancestry.com,
rumored for months to be seeking a buyer, has found one in European
private equity firm Permira.
Ancestry.com announced that company owned by the Permira funds and
co-investors has entered into a merger agreement to acquire
Ancestry.com for $32 per share in cash, in a transaction valued at
$1.6 billion. Ancestry.com president and CEO Tim Sullivan, as well
as its CFO/COO Howard Hochhauser, will keep a majority of their
equity stakes in the company. Spectrum Equity will also remain an
investor.
The transaction, subject to stockholder approval and other closing
conditions, is expected to close in January 2013.
According to the announcement
of the agreement, Ancestry.com will keep its focus on content,
technology and user experience. It'll continue a growth strategy led
by content acquisition and technology investment, with the support
of the Permira funds and the investor group. It'll also expand its
product offerings in areas such as DNA, and build the Ancestry.com
brand and the family history category on a global basis.
There are no anticipated changes in Ancestry.com’s operating
structure. Ancestry.com will remain headquartered in Provo, Utah,
with a continued large presence in San Francisco, Dublin, London and
other international markets.
Got Iowa ancestors? Our Iowa
Genealogy Crash Course webinar, happening Tuesday evening,
Oct. 30, will help you find their vital records, US and state
censuses, land records and more. Learn
more about the Iowa Genealogy Crash Course in ShopFamilyTree.com.
Ancestry.com | Genealogy Industry
Monday, October 22, 2012 9:04:57 AM (Eastern Daylight Time, UTC-04:00) 
|
|
|