MyHeritage to be acquired by Private Equity Firm

whosedaddy? · 02-03-2021 11:09am #1

Saw this mentioned on a differnt forum.
https://www.franciscopartners.com/news/myheritage-to-be-acquired-by-leading-private-equity-firm-francisco-partners

As a first step in this strategy, MyHeritage will shortly update its privacy policy to include the unequivocal prohibition for the company to license or sell genetic data to any 3rd party. These updates will be highly unique amongst the larger genealogy and genetic DNA industry and are a testament to the commitment both MyHeritage and Francisco Partners share to privacy and consumers

600m sounds alot if you can't sell DNA data.
https://techcrunch.com/2021/02/24/francisco-partners-is-acquiring-myheritage-sources-say-for-600m/

(Apologies if this is double post, but couldn't find it here)

L1011 · 02-03-2021 11:32am

PE involvement = expect prices to ratchet, offers to reduce and so on. They are only interested in getting profit out and at a much more aggressive level than a "normal" business operator.

spurious · 02-03-2021 2:21pm

They are already shocking for sales calls, if ever they get their mitts on a number for you.

euro_girl21 · 02-03-2021 6:47pm

I currently use my heritage for my family tree but mostly because when I started out I wanted to use/access a tree my cousin already set up there. If the info here is correct and cost would increase etc, I would move site. What would people recommend? Thanks

pinkypinky · 02-03-2021 9:03pm

Well, it's premature to say costs will increase. If you're not near your renewal date, I would do nothing yet.

We have some other threads on collaborative trees if you do a search. I mostly use Ancestry for my online tree but I heard good things about Wikitree, which has the benefit of being free.

MyHeritage to be acquired by Private Equity Firm

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