Ancestry.com Sale Investigated by Securities Attorneys at The Briscoe Law Firm and Powers Taylor, LLP

DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the proposed Ancestry.com buyout for shareholders. Ancestry.com (“ACOM”)(NasdaqGS: ACOM) announced that it entered into a definitive merger agreement with a company owned by Permira, a European private equity firm, and co-investors in a deal valued at $1.6 billion. Under the terms of the transaction, ACOM shareholders will receive $32.00 in cash for each share of ACOM common stock owned, well below at least one analyst’s estimated value of $45.00 per share.