Wednesday, July 25, 2012

Report: Ancestry.com Closing In On Sale

A new report Tuesday from the New York Times says that Provo, Utah-based Ancestry.com is nearing a deal to go private. The firm--which has been rumored to be on the block since June--apparently values the company at around $1.5 billion. Ancestry.com, which provides online resources for family history and genealogy buffs, is apparently talking with private equity firms TPG Capital and Providence Equity Partners, according to the article.