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.
What do you think about this? Does it help, hurt or have no impact on the genealogical research community?
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