Russian International Reserves Fall $15.7 Billion in Week to Dec. 19

Ancestry Said to Seek Higher Price From Permira and TPG Inc. (ACOM), 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. 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.’s shares have surged 34 percent since June 5, when Bloomberg reported that the company had hired Frank Quattrone’s Qatalyst Partners LLC to find buyers. The stock climbed 2.8 percent to $31.10 at the close in New York, for a market value of about $1.34 billion.

Heather Erickson, a spokeswoman for, declined to comment. Representatives of Permira, TPG, KKR and Providence declined to comment. reported second-quarter sales and profit last month that topped analysts’ estimates, citing user gains and demand for new products. The company raised its sales forecast for 2012 to as much as $480 million and said it passed the 2 million-user milestone in the period by providing access to more information, including on DNA and U.S. census figures. was founded in 1983 as a publisher of genealogical books and magazines, and later digitized its content.

-- Editors: Lisa Rapaport, Reed Stevenson

To contact the reporters on this story: Serena Saitto in New York at; Cristina Alesci in New York at; Mark Milian in San Francisco at

To contact the editors responsible for this story: Tom Giles at; Jeffrey McCracken at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.