Ancestry.com Inc. (ACOM: Quote) said Friday that it has completed its acquisition of family history website Archives.com for about $100 million in cash and assumed liabilities.
The deal was originally announced in April.
Archives.com was owned and operated by Inflection LLC, a Silicon Valley-based technology company. Since Archives.com's launch in January 2010, the site has rapidly grown to more than 440,000 paying subscribers who pay about $39.95 a year. Archives.com offers access to over 2.2 billion historical records, including birth records, obituaries, immigration and passenger lists, historical newspapers, as well as U.S. and U.K. Censuses.
Ancestry.com plans to operate Archives.com separately, retaining its brand and website. Many Inflection employees, including key marketing, product and engineering executives, will join the Ancestry.com team.
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by RTT Staff Writer
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