Genealogy website Ancestry.com is to be acquired for $1.6 billion, according to a report by The Wall Street Journal.
European private-equity firm Permira will buy the firm for $32 a share, the Journal said, citing sources familiar with the deal.
The buying price is a slight increase on the company's $29 a share price at market close on Friday. The $1.6 billion valuation represents a premium of about 40 percent on the company's stock from June, before speculation began about the company being up for sale.
Permira currently has close to 200 investments in its … Read more