Ancestry.com Acquired in a $1.6 Billion Deal [REPORT]

Genealogy company Ancestry.com has been acquired by an investor group led by European private equity firm Permira for about $1.6 billion, the Wall Street Journal reports citing sources familiar with the matter.

Ancestry.com is a profitable company which operates a network of genealogical and historical record websites in the U.S. and abroad, including Genealogy.com, MyFamily.com, ProGenealogists, and Rootsweb.com.

The company has had over 2,000,000 paying subscribers as of June 2012; it expects a 2012 revenue of $473.0 to $480.0 million.

Recently, Ancestry.com has had a couple of acquisitions of its own, having acquired Archives.com in August and 1000memories in October 2012.…
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