Ancestry.com: Sold for $1.6 billion dollars

The genealogy site Ancestry.com, agreed early Monday to be purchased by Permira, a European private equity firm, for $1.6 billion dollars. Ancestry.com headquarters will remain at Provo, Utah and will retain the same executives. In particular, CEO Tim Sullivan and CFO Howard Hochhauser, maintain a majority of their equity stakes in Ancestry.com as part of […]

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