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Ancestry.com (ACOM) +15.8% AH after Bloomberg reports the company is weighing a sale, and has...

Wednesday, June 6, 2012, 12:39 AM ET
Ancestry.com (ACOM) +15.8% AH after Bloomberg reports the company is weighing a sale, and has enlisted the help of famous tech banker Frank Quattrone to find buyers. A source expresses confidence P-E firms will show interest in Ancestry, whose valuation has fallen to historically low levels on concerns about slowing subscriber growth, though analyst Susan Etlinger thinks Google or Facebook might also consider a bid.

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This news story has 4 comments:

Roxieanne Comments (470)

When Ancestry began , I subscribed and contributed a lot of information as did others.

People were delighted to have a site that everyone could network and share family history freely while paying a membership fee.

When they went public I stopped writing as I did not want someone profiteering off of the research and the historic papers I provided. I copyrighted my writing on Ancestry and papers, which may be republished only with permission.

Others have expressed the same feelings to me.

There may be another factor in their decline-----------that being that the current generation of young people have not reached the time in life when family research is of interest.

6 Jun 2012, 01:03 AM Reply Like