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Ancestry.com completes Adpay purchase

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Ancestry.com completes Adpay purchase

Ancestry.com LLCcompleted its of Adpay Inc., acreator and operator of the Memoriams.com obituary input network.

Financial terms of the deal, which was completed during the secondquarter, were not disclosed. Memoriams.com submits obituaries to about3,000 newspapers in the U.S. from its network of funeral homes.

In May, Silver Lake Partners and GIC closed a dealwith Ancestry.com LLC to buy substantial equity stakes from existing equity holdersat a value of about $2.6 billion. As a result, Silver Lake and GIC each now holdequal minority ownership positions in Ancestry.com, while the Permira funds, SpectrumEquity and Ancestry management remain as meaningful equity investors.