Ancestry sold to European Equity Firm

Ancestry sold to European Equity FirmThe big news today is that Ancestry is to be sold to a Private Equity Firm based in Europe for $1.6 billion. Presumably if the new owners think that Ancestry is worth such a huge amount of money they will want it to continue on it’s revenue gathering way. Hopefully there will be no one amongst the equity firm who decides that they will meddle with the way Ancestry operates and we can look forward to more records being added on a regular basis.

This sale shows that genealogy is big business world wide and is here to stay and that can only help the various archives around the world who are being threatened with closure. People value their heritage and want it preserved and I hope the sale of Ancestry will show those who hold the power to put money into archives that it will be money well spent.

http://money.cnn.com

www.ancestry.co.uk

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