Listen Online - Listen on Mobile | Mobile App Info

PROVO, Utah (AP) — Inc. says it will acquire rival family history website for about $100 million in cash and assumed liabilities.

The two companies said Wednesday that they’re combining their strengths and key employees but will maintain separate websites. is owned by Silicon Valley-based technology company Inflection LLC. It offers access to about 2 billion historical records, from birth records to obituaries, and has 380,000 paying customers. has 1.8 million customers. It’s the world’s largest online family history resource, with 9 billion records.

Ancestry President and CEO Tim Sullivan says Archives is a fast-growing business that has made putting together family history profiles simple and affordable.

Shares of rose $1.04 to $24.44 Wednesday and climbed another $2.81 in extended trading after the deal was announced.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)


Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Las Vegas

Introducing Your New Podcast Network
New CBS Local Sports

Listen Live