SOLD for $300 Million -- Ancestry.com and sister sites
Definitely a sea change. The Generations Network, which encompasses Ancestry.com, MyFamily.com, RootsWeb.com and other genealogy web sites has been sold, it was announced yesterday. It will no longer be a Utah company -- the new owners, Spectrum Equity Investors are based in Menlo Park and Boston.
According to an article in Marketing Pilgrim, "The Generations Network Aquired for $300 Million," Spectrum, a private equity firm is a shareholder in The Generations Network since 2003. The company’s current management team will continue to lead the company, it says.
According to an article in Marketing Pilgrim, "The Generations Network Aquired for $300 Million," Spectrum, a private equity firm is a shareholder in The Generations Network since 2003. The company’s current management team will continue to lead the company, it says.
Labels: genealogy news, online resources
<< Home