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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4 Responses to “Generations Network Goes for 300 Mil”

  1. Luke Gunderson Says:

    That’s some serious cash!

  2. preston Says:

    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/

  3. Reed Spencer Says:

    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.

  4. Jordy Says:

    @ 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!

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