Deals
Ancestry Said to Seek Higher Price From Permira and TPG
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Ancestry.com Inc., the family-history research website, has asked potential buyers including Permira Advisers LLP and TPG Capital LP to increase their competing bids for a possible buyout, according to people familiar with the situation.
Talks are ongoing and a deal might not materialize, said one of the people, who asked not to be named because the process is private. Ancestry.com turned down a bid of $35 a share, another person said. KKR & Co. and Providence Equity Partners Inc. expressed interest early on yet didn’t submit bids because they consider the price too high, the people said.