Tuesday, 23 October 2012

Ancestry sold

Ancestry.com has been acquired by an investor group led by European private equity firm Permira for about $1.6 billion, see the Ancestry investor news release at: http://ir.ancestry.com/releasedetail.cfm?ReleaseID=714983

Major existing shareholder will be retaining an interest as part of the group. The acquisition values the company at $32 per share.

Ancestry.com will release financial results for its third quarter 2012 as previously scheduled on Wednesday, October 24, 2012 at approximately 2:00 p.m. MT (4:00 p.m. ET).

Thanks to Mike More and Richard McGregor for tips on this.

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