Silver Lake to invest in Ancestry.com

The following teaser is from an article posted on reuters.com

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Private equity firm Silver Lake Partners has agreed to acquire a minority stake in Ancestry.com in a deal that values the privately held genealogy website at $2.6 billion, including debt, people familiar with the matter said on Friday.

The investment represents a bet that Ancestry’s fast-growing DNA business will continue to expand. Ancestry sold 1 million genomics kits last year, a 93 percent increase from the prior year, as people keen to discover their roots sent in saliva samples.

Read the full article.

Author: Dale Meitzler

Dale R. Meitzler : Assisted the start up of Heritage Quest in 1985 and participated in seven years of non-stop Heritage Quest Road Shows. Dale managed the warehouse at Heritage Creations, joined the U.S. Army in 2007, currently he manages warehouse operations and bookstore-vendor operations for Family Roots Publishing Company.

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