Ancestry.com Agrees To $1.6 Billion Cash Buyout Led By European Private Equity Firm Permira, Eyes ?New Geographies?

Genealogy website Ancestry.com -- which filed for an IPO back in 2009 -- has agreed to be acquired by an investor group led by European private equity firm Permira in a deal said to be worth about $1.6 billion, or $32 per share, the Wall Street Journal is reporting. The paper cites "people familiar with the matter" who point to expansion in Western Europe as a goal.

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