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April 26, 2012 12:15 am GMT
Utah-based genealogy site Ancestry.com just announced that it has entered into a definitive agreement with Silicon Valley-based startup Inflection to acquire its competitor Archives.com for $100 million is cash and assumed liabilities. Inflection's other product, people search public records site PeopleSmart, is not part of this acquisition. A number of Archive.com's employees, including some of its key product and engineering executives, will join the Ancestry.com team after the acquisition closes.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/yzddi2M9EVU/
Ancestry.com Acquires Archives.com For $100 Million
Utah-based genealogy site Ancestry.com just announced that it has entered into a definitive agreement with Silicon Valley-based startup Inflection to acquire its competitor Archives.com for $100 million is cash and assumed liabilities. Inflection's other product, people search public records site PeopleSmart, is not part of this acquisition. A number of Archive.com's employees, including some of its key product and engineering executives, will join the Ancestry.com team after the acquisition closes.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/yzddi2M9EVU/
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