Business

Market Movers

Ancestry.com to be acquired

Ancestry.com said it expected no operating changes with the deal and will still be based in Utah.
Ancestry.com via Associated Press
Ancestry.com said it expected no operating changes with the deal and will still be based in Utah.
Advertisement

Genealogy website Ancestry.com jumped after it agreed to be acquired by a group led by European private equity firm Permira Funds in a cash deal valued at about $1.6 billion. The family history research website and has more than 2 million paying subscribers. It says more than 10 billion records have been added to its site over the past 15 years.