Ancestry.com stock rises on news it’s in buyout talks
A person with knowledge of the matter said the genealogy website Ancestry.com is discussing a possible buyout with the private equity firm Providence Equity Partners. The New York Times also reported the company is in talks with Providence, TPG Capital LP, and Permira about being taken private. The Times said site may be worth more than $1.5 billion. Ancestry.com has profited since at least 2007.