Wednesday, October 17, 2007 parent sold for $300 million | Tech News on ZDNet parent sold for $300 million | Tech News on ZDNet

The Generations Network, parent company of, 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. 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 and related international sites,, and Other products include Family Tree Maker software and Ancestry Magazine.

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