Buyout
Bloomberg reported on October 26 that Ancestry.com shareholders are not doing a happy dance over the proposed $1.6 billion buyout by Permira Advisers LLP. The article below includes links for further information: “Ancestry.com the world’s largest family-history website, was sued by shareholders who contend they will be shortchanged in a proposed $1.6 billion buyout by [...]
Continue reading about Ancestry.com shareholders sue over $1.6 Billion Permira buyout
Reuters reports Ancestry.com is in discussion with three buyout firms although deal remains illusive
It has been touted since July of this year that Ancestry.com is looking for a sale. The latest update reports Ancestry.com is putting pressure on buyout firms to sweeten their offers after a second round of bids last month. As yet, no deal has been made. As reported by Reuters on September 10, there are [...]
According to the New York Times Ancestry.com is in talks with private equity firms, TPG Capital, Providence Equity Partners and Permira on a possible sale of the company with final bids due next month. This news comes hot on the heels of reporting that the second quarter revenue rose 18% to $119.1 million. Per-share profit [...]
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