Ancestry.com sold for $300 million+

[rudyhernandez]

October 17, 2007

Spectrum Equity Investors has led a $300 million investment to acquire a majority interest in Provo Utah-based The Generations Network (the parent company of Ancestry.com, MyFamily.com and other sites) according to a source with knowledge of the deal.

Related articles:

WebPro News
http://www.webpronews.com/topnews/2007/10/17/ancestry-com-sells-for-300-million
Reuters
http://www.reuters.com/article/technologyNews/idUSN1729430020071017

Stay informed.

Rudy
Logistik Labs

 

[stscac]

This is for a stake in the company, not just the domain name... for clarity.

-Steve