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Ancestry.com rakes in profits, buys up competitor
What lies in the roots of your family tree? The online genealogy industry is booming, as evidenced by Ancestry.com's success.
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Ancestry.com -- one of the most popular online family tree websites -- announced that it will buy rival website Archives.com for around $100 million.
How did the world of online genealogy become such big business?
Here to talk with us in today's Mid-day Extra is Diane Haddad, managing editor at Family Tree Magazine.
Sadly, this isn't surprising. Archives hosts the free 1940 census images, and the overwhelming number of hits on 2 April 2012 demonstrate to the world that there is a significant interest in genealogy. I'm crossing my fingers and making donations to help Cyndislist.com and Familysearch.org remain free of ACOM and available to all.
