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    1. [NYNEWYOR] Ancestry bought by Spectrum Equity Investors
    2. Patricia Corney
    3. 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

    10/17/2007 03:52:29