Thursday, September 23, 2010

Ancestry acquires Footnote

The following was posted on-line tonight. There is sure to be a lot more discussion tomorrow.


Today, 23 September 2010, announced that it will acquire iArchives, Inc., the parent company of, Ancestry’s leading rival, for a price of about $27 million in cash, Ancestry stock, and liability assumption. The acquisition is expected to close in the fourth quarter of 2010.

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