Generations Network Goes for 300 Mil
Techcrunch is reporting that Spectrum Equity Investors made a $300 million private investment to purchase a majority share in The Generations Network (Ancestry.com, MyFamily.com, etcetera.)
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Tags: Ancestry.com, Business, Generations Network, MyFamily.com, Techcrunch, Technology, Utah
Business, Technology, Utah | 
October 16, 2007 7:45 pm
By Luke Gunderson, October 16, 2007 @ 10:45 pm
That’s some serious cash!
By preston, October 17, 2007 @ 1:25 pm
That is huge – congrats to generations…
Hopefully not too many people will realize that the Sorenson is doing family history with DNA for free – http://www.smgf.org/
By Reed Spencer, October 31, 2007 @ 4:54 pm
I think we should all be a bit skeptical of this family history monopoly in embryo. Who knows what this emerging superpower could be capable of? Will there come a time when it will become too expensive to do your family history because of price fixing? The FTC needs to step in here.
By Jordy, October 31, 2007 @ 8:17 pm
@ Reed
Price fixing, by definition, involves multiple “competing” companies colluding on prices. It is therefor impossible for a monopoly to engage in price fixing.
Get your facts straight before you run your mouth!
PS – For those who don’t know, Reed is my buddy. He’s just joking and so am I. Reed, quit spamming my blog!