Monday October 22, 2012 Sold For $1.6B sold for $1.6 billion? Holy cow, I'd sell you my ancestors...all of them...for that kind of money. eek!

Genealogy website operator agreed to be acquired for $1.6 billion by a group led by Europe-based private equity firm Permira Advisors LLC, four months after it put itself up for sale following the cancellation of a TV show based on its research. The company, whose website helps users trace their family roots, will be taken private at $32 per share, a 10 percent premium to the stock's Friday closing price of $29.18.