Ancestry.com (ACOM) Rips Higher On Takeover Reports
Tweet
Share
E-mail
Get Alerts ACOM Hot Sheet
Join SI Premium – FREE
Shares of Ancestry.com Inc. (Nasdaq: ACOM) are sharply higher early Wednesday following reports from Bloomberg the company has hired Frank Quattrone's Qatalyst Partners LLC to find buyers.
The news comes after shares have been clobbered after NBC canceled TV series "Who Do You Think You Are?," where the company's services was highlighted.
Private equity firms, or Internet giants like Google Inc. (Nasdaq: GOOG) and Facebook (Nasdaq: FB) could see value in the family-history research website.
Shares of ACOM last traded at $26.25 in pre-open trading, up 16 percent from Tuesday's close.
The news comes after shares have been clobbered after NBC canceled TV series "Who Do You Think You Are?," where the company's services was highlighted.
Private equity firms, or Internet giants like Google Inc. (Nasdaq: GOOG) and Facebook (Nasdaq: FB) could see value in the family-history research website.
Shares of ACOM last traded at $26.25 in pre-open trading, up 16 percent from Tuesday's close.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Inventus Mining to acquire Golden Rose Mine near Pardo project
- Advent, Stripe Consortium Is Said To Drop Pursuit Of PayPal - Bloomberg
- Wendy's stock plunges as Trian shelves take-private bid, Reuters reports
Create E-mail Alert Related Categories
Mergers and Acquisitions, RumorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
