Ancestry.com has been sold to Permira, a European private equity firm according to reports on CNN/Money. Apparently, an investigation about the sale price is already underway looking into a possible breach in fiduciary duties by the Ancestry President, CEO and Board of Directors.
I’ve been contacted by members of the genealogy community asking what the sale means to them. Most have foolishly put dates, locations and personal information about living individuals in their Ancestry trees. They now ask, “What does the sale mean?” “Have I just given a foreign group all of my personal data and that of my family to a foreign group?” I would be asking the same questions if I had put my personal data on the site.
What does the sale mean to agreements between Ancestry and other genealogy data organizations like FamilySearch.org? Time will tell. Hopefully, the existing reservoir of genealogy records will remain and continue to grow under the new owners.
With the completion of the sale … is Newsbank.com is the only large commercial genealogy site that is still owned by U. S. Investors? Are there any others that I’ve forgotten?
What are you thoughts about the sale?Copyright (c) Lee Drew 2012-10-22 14:45:05
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