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| CNET | News |
http://news.cnet.com/news/ | E -
Business | Story |
http://www.MyFamily.com |
http://www.
Ancestry.com |
http://www.FamilyHistory.com| http://www.RootsWeb.com |
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Genealogy site MyFamily adds branches to its tree |
By Stefanie Olsen | Staff Writer,
CNET
News.com |
June 21, 2000, 10:40 a.m. PT |
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http://www.MyFamily.com, a genealogy Web site, said
today it agreed to buy rival
http://www.RootsWeb.com.
San Francisco - based RootsWeb, one of the oldest
and largest online communities for accessing family history,
will join MyFamily's network of Web sites,
which also includes -
http://www.
Ancestry.com
and
http://www.FamilyHistory.com.
RootsWeb will maintain its Web site address.
Financial terms of the deal were not disclosed.
Hobbies such as family research have become
big business on the Web.
MyFamily, also based in San Francisco, has
attracted financing from such well - known
companies as -
CMGI @Ventures, Eastman Kodak,
America Online, Compaq Computer,
Intel Capital, and Group Arnault, among others.
"There is no question that consumers are using the
Internet to connect to their families, and we plan
to put in place an aggressive program that will
enable us to have the most complete network
for families online,"
Greg Ballard, MyFamily chief executive,
said in a statement.
The company makes money through advertising revenues,
subscription services, and e - commerce partnerships.
Through today's deal, MyFamily will extend its reach
and get more advertising space to sell through RootsWeb.
It also can cross - promote its other family sites,
such as
Ancestry.com, which contains
more than 600 million genealogical records.
RootsWeb will also expand its family history searches,
with added tools and content.
MyFamily supports volunteer and non - profit
organizations such as -
The USGenWeb Project and The Free Births,
Marriages and Deaths Project.
| Get the Story in "Big Picture" -
http://news.cnet.com/news/0-1007-204-2122640.html?tag=st.ne.ni.bpbotxt.bp...
| Short Take: Family site raises $30 million - March 29, 2000 |
Ancestry.com provides family histories to AOL users -
September 29, 1999 |
Ancestry.com yields $33.2 million in financing -
August 31, 1999 |
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