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GIC raises stake in family history tracing firm

Deal values company at an enterprise value of US$2.6b, which includes debt but excludes cash

Published Sun, Apr 3, 2016 · 09:50 PM

Singapore

SINGAPORE sovereign wealth fund GIC will increase its stake in Ancestry, which is said to be the world's largest family history website.

Ancestry helps people trace their history and relatives through family trees, historical records and DNA.

The deal values the company at an enterprise value of US$2.6 billion, which includes debt but excludes cash. Individual …

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