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.)
If you liked this post, you may want to subscribe to my RSS feed. Thanks for visiting!
Tags: Ancestry.com, Business, Generations Network, MyFamily.com, Techcrunch, Technology, Utah
October 16th, 2007 at 10:45 pm
That’s some serious cash!
October 17th, 2007 at 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/
October 31st, 2007 at 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.
October 31st, 2007 at 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!