Free Updates

Let us tell you when new posts are added!

Email:

Navigation

Categories
August, 2014 (11)
July, 2014 (16)
June, 2014 (18)
May, 2014 (17)
April, 2014 (17)
March, 2014 (17)
February, 2014 (16)
January, 2014 (16)
December, 2013 (11)
November, 2013 (15)
October, 2013 (19)
September, 2013 (20)
August, 2013 (23)
July, 2013 (24)
June, 2013 (14)
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

<October 2012>
SunMonTueWedThuFriSat
30123456
78910111213
14151617181920
21222324252627
28293031123
45678910

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)  #  Comments [0]