Private BuyOut Of Ancestry.com For $300+ Million is interesting…

by oneafrikan on October 19, 2007

Some interesting stuff going on lately… Contrary to some latest deals, my humble opinion is that $150 of revenue is a good motivator for making a buyout of that size… Guess time will tell (much like Skype deal has for eBay)?

Private BuyOut Of Ancestry.com For $300+ Million
Spectrum Equity Investors has led a $300 million investment to acquire a majority interest in Provo Utah-based The Generations Network (the parent company of Ancestry.com, MyFamily.com and other sites) according to a source with knowledge of the deal.

The Generations Network competes with a number of new Internet startups that we’ve recently covered. Its Ancestry.com site competes with Geni and MyHeritage. MyFamily.com competes with Story Of My Life, Our Story and others.

Geni’s last round of financing valued the company at $100 million. But none of those competing sites, or even all of those sites aggregated, have caused any financial pain yet for The Generations Network. The company is pulling in $150 million or so in yearly revenue and is hugely profitable according to our source.

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