Ancestry.com to be acquired for $1.6 billion

YankeeFan · Oct 22, 2012

Pretty incredible:

U.S. genealogy website operator Ancestry.com agreed to be acquired by a group led by private equity firm Permira in a $1.6 billion deal, four months after it put itself up for sale following the cancellation of a TV show based on its research.

The company, whose website helps users trace their family roots, will be taken private at $32 per share, a 10 percent premium to the stock's Friday closing price of $29.18.

Shares of the company rose to $31.49 in early trading on the Nasdaq on Monday. They have risen 17 percent since June 5, when the company said it is exploring a sale.

http://www.reuters.com/article/2012/10/22/net-us-ancestrydotcom-offer-idUSBRE89L0H620121022
Click to expand...

The Big Ragu · Oct 22, 2012

That is beyond insane. It's a 15-year-old company expected to earn less than $160 million this year.

I don't care how many censuses they have sat their scanning and putting into a database. I don't see how they ever earn anything close to that back.

Log in or Sign up

Ancestry.com to be acquired for $1.6 billion

YankeeFan Well-Known Member

The Big Ragu Moderator Staff Member

Share This Page

Log in or Sign up

Ancestry.com to be acquired for $1.6 billion

YankeeFan Well-Known Member

The Big Ragu Moderator Staff Member

Share This Page

Useful Searches