Ancestry.com agrees to sale for $1.6B

PROVO, Utah (AP) — Genealogy website Ancestry.com has agreed to be acquired by a group led by European private equity firm Permira Funds in a cash deal valued at about $1.6 billion.

The offered price of $32 per share (ACOM) is a nearly 10% premium over Friday's closing price of $29.18. Company shares jumped nearly 8%, or $2.31, to $31.49 Monday in premarket trading.

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Source: http://www.usatoday.com/story/money/business/2012/10/22/ancestrycom-sold/1648945/
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