Private equity firm to buy for $1.6B

October 23, 2012 • Business

This undated image provided by shows a family tree made on the genealogy website which agreed to be acquired by a group led by European private equity firm Permira Funds in a cash deal valued at about $1.6 billion on Monday, Oct . 22, 2012. The offered price of $32 per share is a nearly 10 percent premium over Friday’s closing price of $29.18.’s shares jumped 7.8 percent, or $2.28, to $31.46 in Monday afternoon trading. (AP Photo/

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