MyHeritage buys Geni.com, raises $25 in private funding round
Friday, December 28, 2012 10:49 PM
Posted by gamefbi
JERUSALEM (Reuters) - Family networking and genealogy website MyHeritage said it bought rival Geni.com as it continues to expand into the United States. The Israeli company did not disclose how much it paid for Los Angeles-based Geni.com but said it was an eight-figure deal in a combination of cash and equity. MyHeritage, which helps people delve into their ancestry and connect with long-lost relatives, is second in the sector behind market leader Ancestry.com, which agreed last month to be bought for $1. ...
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