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 Comments

  • 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!

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