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E.U./U.S.: Permira buys Ancestry.com for $1.6 billion

By  |  October 22, 2012
E.U./U.S.: Permira buys Ancestry.com for $1.6 billion

According to a Wall Street Journal report, European private-equity firm Permira will buy genealogy site Ancestry.com for $1.6 Billion at $32 a share, an increase on the website’s $29 a share. Ancestry.com will go private after the sale is complete and is expected to earn $125 million in the next quarter. In addition to the website, Permira’s investment portfolio includes healthcare and financial service companies. News outlets speculate an official statement will be released when Ancestry.com releases its third-quarter earnings later this week.

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