LONDON and PROVO, Utah, Jul 15, 2010 (GlobeNewswire via COMTEX) — Ancestry.com Inc. (ACOM 17.50, -0.56, -3.10%) today announced the closing of its acquisition of Genline.se, the leading Swedish family history Web site.
Genline currently has more than 17,000 paying members with access to 26 million pages of digitized Swedish church records spanning more than 400 years from the 17th to the 20th century.
On July 15, 2010, the offer from Ancestry.com was approved by Genline Holding AB’s public shareholders. Following the approval, Ancestry.com acquired all shares of Genline AB for approximately 53 million Swedish kronor in cash with an adjustment for net working capital. Based on a July 15, 2010 exchange rate of SEK 7.39 to US $1.00, the net purchase amount approximates US $7.2 million.
Read the full article at marketwatch.com.
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