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    1. Re: [NYNEWYOR] Ancestry bought by Spectrum Equity Investors
    2. Tom Kemp
    3. I thought you asked about a posting about www.GenealogyBank.com - that is the site where the sub price went down - to celebrate their one year anniversary. I don't have any comment about the Ancestry changes - or speculation on their pricing. You'll have to ask them. On 10/17/07, Patricia Corney <pic73@worldnet.att.net> wrote: > I have received permission from Tom Kemp to send this to other lists, as it > affects us all. > I had also mentioned that maybe prices would go up. > > His Reply: > > Yes, pass it along. > Actually the price went down - a special birthday price of $69.95 (for > the next 2 wks). > > "TechCrunch is reporting that Spectrum Equity Investors has bought a > "majority interest" in Ancestry's parent company: The Generations > Network and is "almost certainly preparing for an IPO or other larger > liquidity event". > > It reports that they paid $300 Million and that Ancestry has annual > earnings of $150 Million. > > See: > http://genlibrarian.blogspot.com/2007/10/news-flash-ancestry-bought-by-spectrum.html > " > > pic > > > Jim Garrity, List Administrator > jimgarrity@earthlink.net

    10/17/2007 07:25:06