To Be Sold For $1.6 Billion Dollars To European Private Equity Firm Permira; See Details At Dick Eastman Blog Post

Hi Everyone,

Well it looks like the rumors have finally come to fruition. is being sold to a European private equity company called Permira for $1.6 billion dollars.  (That is correct, 1.6 BILLION DOLLARS!)

It does appear that will no longer be a publicly traded company but will return to being a private company.

All of the details are noted at a recent blog post by Dick Eastman.

You can see the details of the pending transaction noted by Dick Eastman at:

Sale Of Details At Dick Eastman Blog Post On October 22, 2012

It would appear that will still be and that genealogical researchers will still be able to subscribe and search all the data that exists through them without any noticeable changes.

Only time will tell how this privatization will impact the role of in the future.

For now it is business as usual.

Enjoy the details of the pending sale of via Dick Eastman’s blog post link noted above.

Tony Kierna
Genealogy Coordinator
Schaumburg Township District Library

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