Report: Friends Reunited Attracts Interest, Ancestry.co.uk Involved
We predicted back in March that Ancestry.co.uk operator The Generations Network could be interested in buying Friends Reunited - and that’s exactly what has happened, according to Telegraph.co.uk this weekend. The paper says that company - a big noise in online genealogy - plus the less well-known FindMyPast.com operator, Brightsolid of Dundee, are amongst “a large number of parties” to have requested ITV’s prospectus on the up-for-sale site.
SEE ALSO: ITV Expects £60 Million For Friends, Admits It Failed To Grow
Typically, there’s no attribution for this story, so you’re obliged to take it with a dose of salt - but interest from the Utah-based Generations Network would be no surprise. Friends Reunited also operates Genes Reunited and the Ancestry.co.uk owner also runs Genealogy.com, plus FamilyHistory, MyFamily and RootsWeb. In March, ITV (LSE: ITV) online director Ben McOwen Wilson said he was hoping for “well north of £60 million” for Friends - but, since the main social network has lost out to rivals like Facebook in recent years, the most interest is likely to come toward the genealogy site specifically.
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