Ancestry.com (ACOM) has agreed to be bought for $1.6B by a consortium led by European P-E firm...

|About: Ancestry.com Inc. (ACOM)|By:, SA News Editor

Ancestry.com (ACOM) has agreed to be bought for $1.6B by a consortium led by European P-E firm Permira, the WSJ reports. The group includes Spectrum Equity, which owns 30% of the company, and CEO Tim Sullivan and CFO Howard Hochhauser. The $32-a-share offer represents a 40% premium to Ancestry's share price in June, prior to reports that it was up for sale. On Friday, shares closed -1.7% at $29.18.