News Videos
International Edition


June 27, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

Private Europe firm to purchase for US$1.6 billion

PROVO, Utah--Genealogy website has agreed to be acquired by a group led by European private equity firm Permira Funds in a cash deal valued at about US$1.6 billion.

The offered price of US$32 per share is a nearly 10 percent premium over Friday's closing price of US$29.18. Company shares jumped nearly 8 percent, or US$2.31, to US$31.49 Monday in premarket trading. operates a website for researching family history and has more than 2 million paying subscribers. It says more than 10 billion records have been added to its site over the past 15 years. said there will be no anticipated changes in its operating structure with this deal.

The Utah-based company expects the deal to close early next year.

Advertise  |   RSS Feed  |   About Us  |   Contact Us
Home  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |  
Arts & Leisure  |   Health  |   Editorial  |   Commentary Travel  |   Movies  |   Guide Post  |   Terms of Use  |  
  chinapost search