Shares of Ancestry.com rose today after a news report that the company is looking for a buyer. I’m not surprised—this is probably the best time to consider selling. According to the consistently reliable Bloomberg Ancestry.com “is weighing a sale and is working with Frank Quattrone’s Qatalyst Partners LLC to find buyers.” Although Ancestry is declining to comment, it’s probably a good thing that the news has hit the street.
Always on the side of the American people, it’s somewhat alarming to learn that Wall Street surged today as traders grew more hopeful that central bankers will take decisive action to buoy the world’s sputtering economy. Another stimulus… What?
Click on Bloomberg to read the report about Ancestry.com