Rumour has it that Permira Advisers LLC, the buyout firm that owns most of privately held Ancestry.com, has hired investment banks to run an auction for the company. You can read more at Reuters.
Permira outbid other private equity firms to take
Ancestry private in 2012 for $1.6 billion.
What's in store for Ancestry and its customers now? We'll have to wait and see if the rumours are true.