Tuesday, October 16, 2007

News Flash: Ancestry Bought by Spectrum Equity Investors

TechCrunch is reporting that Spectrum Equity Investors has bought a "majority interest" in Ancestry's parent company: The Generations Network and is "almost certainly preparing for an IPO or other larger liquidity event".

It reports that they paid $300 Million and that Ancestry has annual earnings of $150 Million.

For the complete article click here.