Private BuyOut Of Ancestry.com For $300+ Million

Spectrum Equity Investors has led a $300 million investment to acquire a majority interest in Provo Utah-based The Generations Network (the parent company of Ancestry.com, MyFamily.com and other sites) according to a source with knowledge of the deal. The Generations Network competes with a number of new Internet startups that we’ve recently covered. Its Ancestry.com site [...]

[via] TechCrunch