Ancestry.com to sell for $1.6 billion

BloombergBusinessweek is reporting the sale of Ancestry.com to Permira Advisers LLP, a European private equity firm. The article states:

Permira Advisers LLP has reached an agreement to buy Ancestry.com Inc. (ACOM), the family-history research website, for about $1.6 billion, according to a person familiar with the matter.

Permira will pay about $32 a share for the company and an announcement is scheduled before the stock market opens in New York, said the person, who declined to be identified because talks are private. The private-equity firm had resumed the talks with Ancestry.com after earlier discussions stumbled over price, people familiar with the situation said earlier this month.

Interesting but the company has been up for sale since much earlier in the year. Comments are all over the genealogy blogs.