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.
We’ve reached out to Ancestry.com for comment and will update this story with any response. The company is due to report its Q3 2012 financials on Wednesday.
Earlier this month Ancestry.com bought print photograph digitizing startup 1000memories, and also recently acquired competitor Archives.com for $100 million. It has more than two million paying subscribers, and grew its revenues from $166 million in 2007 to $399.7 million in 2011.
