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Ancestry.com Has Just Been Acquired For $1.6 Billion

Ancestry.com Has Just Been Acquired For $1.6 BillionWhat would you do with $1.6 Billion?

Buy a car? A jet? A small Island maybe?

Well that’s what the investors of Ancestry will be dwelling over in the next couple of months after selling the Genealogy Company Ancestry.com for a whopping $1.6 Billion.

The company has had over 2 million paying subscribers as of June 2012 and it expects a 2012 revenue of up to $480.0 million.

The acquisition has been lead by an investor group with European private equity company Permira at the helm.

What you may not know…

Ancestry.com also own sites in the US and abroad such as:

point Genealogy.com

point MyFamily.com

point ProGenealogists.com

point Rootsweb.com

They have also acquired a few companies themselves, which include the acquisition of Archives.com and more recently 1000memories.

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