Ancestry.com, the publicly traded online genealogy site, is being purchased by Permira, a European private equity firm, for $1.6 billion.
The purchase price of $32 a share is a 9.7% premium from Friday’s closing price. Shares were up 7.9% in premarket trading on the news.
The purchase price is a 41% premium from its closing on June 5
Ancestry.com went public in 2009 and is 15 years old.
The site has more than 2 million paying subscribers.
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Next time I tell you to use a contextual .Com in your name brand you should listen: http://www.thedomains.com/2012/10/22/ancestry-com-sold-for-1-6-billion-dollars/
http://t.co/aXojI8Zr Sold for $1.6 Billion Dollars:
http://t.co/lxuGgwCA
http://t.co/YBzG6cvf sells for 1.6 billion and has 2 mil paid subscribers paying 166 usd p/y. guess i am bad at math.
http://t.co/0rQkuz6P
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http://t.co/XWv9l9oT Sold for $1.6 Billion Dollars http://t.co/tseiFdcX
Wow.
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RT @TheDomains – http://t.co/vXQFk7qP Sold for $1.6 Billion Dollars http://t.co/vgfu034m
RT @TheDomains – http://t.co/a5yPyk2B Sold for $1.6 Billion Dollars http://t.co/L2D0VUfD
WTF?! “@yildirimokan: http://t.co/JxjShBbm Sold for $1.6 Billion Dollars http://t.co/qdT4fc9g“
http://t.co/4SnDVoLL Sold for $1.6 Billion Dollars – http://t.co/xVPvQ1rU
http://t.co/TSE3Nf7N Sold for $1.6 Billion Dollars http://t.co/yOmSXkXk
Next time I tell you to use a contextual .Com in your name brand you should listen: http://t.co/IyqTEitA #domains
Wow too!
http://t.co/Ttt5H5qx Sold for $1.6 Billion Dollars http://t.co/HrNN3rZG via @TheDomains
http://t.co/8HqRx1SI Sold for $1.6 Billion Dollars http://t.co/mlezOoYW via @thedomains
RT @WebsiteToSell: http://t.co/E2cLrYvH Sold for $1.6 Billion Dollars http://t.co/hO0DTXOF via @thedomains
Ancestry. com Sold for $1.6 Billion Dollars http://t.co/X8eGIPwj via @TheDomains GenericGene. com “World Leader In Generic Search”
Good Morning Folks ! When I First Took A Look At The Internet In 1996 – The Writing Was On The Wall As to the Direction To Go “Generics” And build Around Them ! Ancestry. com Sold for $1.6 Billion Dollars http://www.thedomains.com/2012/10/22/ancestry-com-sold-for-1-6-billion-dollars/ via @TheDomains GenericGene. com “World Leader In Generic Search”
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A very nice price on a solid business model, at 4x annual revenue of $400M. But one has to keep in mind that the company was founded in 1983, so this payday took a lot of work and years to get to. I was writing software for the Apple II back then, so it seems like a lifetime ago.
On a side note, I’d much rather have 2 million (and growing) paying subscribers than a billion fickle free ones. I think Ancestry.com should easily be in business for another 29 years, while who knows what will have replaced Facebook by then. Will MySpace make a comeback? While I’m not a huge patron of social sites, MySpace’s video of its upcoming redesign does look interesting.
WHAT?!?! http://t.co/gqTcXnqh Sold for $1.6 Billion Dollars http://t.co/yaXTRJkw via @TheDomains
Now that’s a big sale, it is a public company though – Ancestry,com Sold for $1.6 Billion Dollars http://t.co/BkHzh8IX #business #sales
Grim is absolutely right! This is an incredible business that has a nice domain name. Unlike other internet IPOs and hype companies that are incredibly successful and have a loyal subscriber base. The big take away is they make money and lots of it! They also have nice cash on hand and no debt.
Take a look at my article: http://youthfulinvestor.com/ancestry-com-sells-1-6-billion-largest-domain-sale/ as I investigate why the company is worth 1.6 billion and why it is not just the domain name which many people are getting confused by.