Genealogy website Ancestry.com has agreed to be acquired by a group led by European private equity firm Permira Funds in a cash deal valued at about $1.6 billion.
The offered price of $32 per share is a nearly 10 percent premium over Friday's closing price of $29.18. Its shares jumped 8 percent, or $2.37, to $31.55 in premarket trading Monday.
Ancestry.com operates a website for researching family history and has more than 2 million paying subscribers. It says more than 10 billion records have been added to its site over the past 15 years.
Read the full news item.
What do you think about this? Does it help, hurt or have no impact on the genealogical research community?
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