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Archive for September 24th, 2010

Ancestry.com to Acquire iArchives and Footnote.com

Ancestry announced on 23 Sept 2010 that it has entered into a definitive agreement to acquire iArchives, Inc. and its branded Web site, Footnote.com for about $27 million dollars in a mix of cash, stock and assumption of liabilities. The acquisition should take place by the fourth quarter of 2010 and will mean iArchives will become a wholly-owned subsidiary of Ancestry.com.

Ancestry has also purchased Genline earlier this year which is a subscription genealogy site which hosts Swedish church records for about $6.7 million as well as ProGenealogists, a Salt Lake based professional genealogy firm.

Read the full article here….

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