Ancestry.com 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 Ancestry.com 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:
It would appear that Ancestry.com will still be Ancestry.com 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 Ancestry.com in the future.
For now it is business as usual.
Enjoy the details of the pending sale of Ancestry.com via Dick Eastman’s blog post link noted above.
Schaumburg Township District Library