Ancestry.com parent sold for $300 million | Tech News on ZDNet
The Generations Network, parent company of Ancestry.com, said on Wednesday that Spectrum Equity Investors will lead an investment of $300 million to buy a majority stake in the company. Spectrum, a Menlo Park, Calif.-based private equity firm with $4 billion in investments, has been a shareholder in TGN since 2003. Its portfolio includes a variety of financial services, media and communications companies. Additional terms of the transaction were not disclosed. Ancestry.com has collected more than 5 billion names from historical records and counts 2.5 million active site members. TGN owns a portfolio of sites including Ancestry.com and related international sites, MyFamily.com, RootsWeb.com and Genealogy.com. Other products include Family Tree Maker software and Ancestry Magazine.