[SFGS] Fwd: Ancestry to be sold
- From: ludechem@xxxxxxxxxxx
- To: gs members sunflower <sunflowergs@xxxxxxxxxxxxx>
- Date: Tue, 23 Oct 2012 16:28:54 +0000 (UTC)
----- Forwarded Message -----
Ancestry.com To Be Sold to Investor Group Led By Permira For $1.6 Billion
I thought that many newsletter readers might want to know about this:
The Wall Street Journal is reporting that Ancestry.com Inc. will be acquired by
an investor group led by European private-equity firm Permira for nearly $1.6
billion, or $32 per share. Reports added that the $1.6 billion value of the
agreement accounts for vesting of outstanding options, with the $32.00 per
share price representing a premium of around 40% from where the stock was
trading in June.
The Journal reports the buyout is a bet that family-history research is more
than a niche market and that the subscriber base can swell with technological
innovations, deeper archives and a wider international audience. People
familiar with the buyers' plans said that expansion in western Europe is a
goal.
You can read more at http://goo.gl/XA5NI .
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