Merger Mania

Geneanet (based in France) has just announced that it has been acquired by Ancestry . com.

https://en.geneanet.org/genealogyblog/post/2021/08/geneanet-joins-ancestry-the-world-largest-genealogy-company?utm_source=geneanet&utm_medium=e-mail&utm_campaign=SITE_en_geneanet-ancestry

Last month, Filae (also based in France) was acquired by My Heritage.

https://blog.myheritage.com/2021/08/myheritage-to-acquire-filae/

It seems that the French genealogists have decided that if you can’t beat them, then you better join them!

In case you forgot….

12 months ago, Blackstone acquired Ancestry . com.

8 months ago, myDNA and Gene by Gene (owner of FamilyTreeDNA) merged.

7 months ago, Francisco Partners acquired MyHeritage.

1 month ago, 23andMe became a publicly traded company (symbol ME). You can become an “owner” today for about $9 a share!

Everybody keeps saying that nothing negative will happen, things will only get better. Crossing fingers, here. From my perspective, when mergers occur, either customer growth occurs or employment decreases.

I just wish one of these companies would merge with an Artificial Intelligence company!

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