Ancestry.com to be acquired by Permira-led group for $1.6 billion
Monday, November 5, 2012 3:31 AM
Posted by gamefbi
(Reuters) - Genealogy website operator Ancestry.com agreed to be acquired for $1.6 billion by a group led by Europe-based private equity firm Permira Advisors LLC, four months after it put itself up for sale following the cancellation of a TV show based on its research. The company, whose website helps users trace their family roots, will be taken private at $32 per share, a 10 percent premium to the stock's Friday closing price of $29.18. Shares of the company rose to $31.49 in early trading on the Nasdaq on Monday. ...
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