Thursday, 23 August 2012

Hiccups with Ancestry sale

American blogger Dick Eastman has reported that Reuters has said that the deal to sell Ancestry is off because "nobody would bid enough money to satisfy the company's expectations" (see http://blog.eogn.com/eastmans_online_genealogy/2012/08/ancestrycom-bids-may-have-fallen-short-of-expectations.html).

The story apparently comes from the Orlando Sentinel, but the deal may not be quite off just yet - the paper states that "buyout firms, including Permira Advisers LLP and TPG Capital LP, are now considering whether they should increase their offers", following the rejection of first offers by Ancestry. Ancestry itself has not commented on the issue - so a sale may well be still on. The Sentinel story is at http://articles.orlandosentinel.com/2012-08-22/features/sns-rt-us-ancestry-privateequitybre87m02k-20120822_1_family-history-research-website-ancestry-com-private-equity.

(With thanks to Dick Eastman)

Chris

Check out my Scotland's Greatest Story research service www.ScotlandsGreatestStory.co.uk
New book: It's Perthshire 1866 - there's been a murder... www.thehistorypress.co.uk/products/The-Mount-Stewart-Murder.aspx (from June 12th 2012)

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