Suddenly, "Who's your daddy?" has become a $1.6 billion-dollar question: That's the amount that European private equity firm Permira paid earlier this week to acquire U.S. genealogical website Ancestry.com—a 40 percent premium over the trading price of Ancestry's stock. Genealogy is hot. The same hobby that once was the preferred pastime of shut-ins, spinsters and confirmed bachelors has become widely popular. "It's no longer a niche," says Tim Sullivan, CEO of Ancestry. He tells ABC News is site now has more than 2 million paid subscribers. Ancestry will report a billion dollars in revenue for 2012.. "There's a broad, mainstream interest in family history," Sullivan says.
Suddenly, "Who's your daddy?" has become a $1.6 billion-dollar question: That's the amount that European private equity firm Permira paid earlier this week to acquire U.S. genealogical website Ancestry.com—a 40 percent premium over the trading price of Ancestry's stock. Genealogy is hot. The same hobby that once was the preferred pastime of shut-ins, spinsters and confirmed bachelors has become widely popular. "It's no longer a niche," says Tim Sullivan, CEO of Ancestry. He tells ABC News is site now has more than 2 million paid subscribers. Ancestry will report a billion dollars in revenue for 2012.. "There's a broad, mainstream interest in family history," Sullivan says.
Suddenly, "Who's your daddy?" has become a $1.6 billion-dollar question: That's the amount that European private equity firm Permira paid earlier this week to acquire U.S. genealogical website Ancestry.com—a 40 percent premium over the trading price of Ancestry's stock. Genealogy is hot. The same hobby that once was the preferred pastime of shut-ins, spinsters and confirmed bachelors has become widely popular. "It's no longer a niche," says Tim Sullivan, CEO of Ancestry. He tells ABC News is site now has more than 2 million paid subscribers. Ancestry will report a billion dollars in revenue for 2012.. "There's a broad, mainstream interest in family history," Sullivan says.
Suddenly, "Who's your daddy?" has become a $1.6 billion-dollar question: That's the amount that European private equity firm Permira paid earlier this week to acquire U.S. genealogical website Ancestry.com—a 40 percent premium over the trading price of Ancestry's stock. Genealogy is hot. The same hobby that once was the preferred pastime of shut-ins, spinsters and confirmed bachelors has become widely popular. "It's no longer a niche," says Tim Sullivan, CEO of Ancestry. He tells ABC News is site now has more than 2 million paid subscribers. Ancestry will report a billion dollars in revenue for 2012.. "There's a broad, mainstream interest in family history," Sullivan says.
Producers of the show reveal they initially thought the ending would be a cliche.Read more: Watch: 'Friends' Finale Almost Ended Without Ross-Rachel Reunion
The youngest son of Robert Kennedy is on trial for a run-in with maternity ward nurses.Read more: Watch: Douglas Kennedy Trial: Nurse Says She Was Kicked
Police say the 10-year-old's slaying is connected to an abduction attempt earlier this year.Read more: Watch: Jessica Ridgeway Killing Linked to Failed Abduction
The storm could reach Long Island and the Northeast.Read more: Watch: Tropical Storm Sandy Reaching Hurricane Strength
Taylor Swift's dresses from her "Speak Now" tour are on display at the Country Music Hall of Fame and Museum.Read more: Photos: Taylor Swift's Eye-Popping Tour Dresses on Display
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On-Air Personalities Who's On The Air?
Bob & Tom Mon-Fri: 5am-9am
Scott Rosenberg Mon-Fri: 3pm-7pm
Laura Waluszko Region News Team
Jay Stevens Region News Team
Brent Brown Region News Team
Alice Cooper Mon: 7pm-12am
After parents sue Monster over wrongful death, ABC News takes a look at what could constitute a lethal dose of caffeine.
Eastwood criticizes Obama's economic record, supports Romney in TV ad by GOP-leaning group
Some people are looking to fight effects of aging with a unique new technique.
Bobby Brown is facing another DUI charge after being arrested in Los Angeles early today. The 43-year-old R & B singer was booked at Van Nuys Jail after being arrested when he refused a field sobriety test at Ventura Boulevard and Corbin Avenue, ABC station KABC...
One in 1,000 men is diagnosed with breast cancer in his lifetime, according to 2012 data from the American Cancer Society. And the disease kills about one man every day in the United States.