Family tree site grows admirers
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[March 20, 2006]

Family tree site grows admirers

(The Daily Telegraph, Via Thomson Dialog NewsEdge)FAMILY-owned genealogy website 1837online.com is the latest internet business to put itself on the block following approaches from a number of suitors.

The website, which allows subscribers to find their ancestors and create a family tree, has appointed Price Waterhouse Coopers to advise the company on a sale.

It is thought 1837online. com's owner Title Research, which is this year forecasting revenues of pounds 10m and profit of pounds 3.5m, could be sold for pounds 30m to pounds 40m.

Unlike Friends Reunited, which has its own genealogy website called Genes Reunited, 1837online.com was not conceived as an internet company. Title Research was originally set up in 1965 by Thomas H Curran as a consultancy for probate professionals. It carried out research for solicitors trying to trace unknown or missing benificiaries for trusts.



The birth of the internet in the late 1990s gave the company an opportunity to create a profitable consumer website by digitising the content from its rights to data from national censuses and births, marriages and deaths records.

Thomas H Curran retired in 2000 and his son Tom Curran, previously head of marketing services at BMG Entertain-ment, became chief executive in 2001. He is the majority shareholder in Title Research and likely to receive a large windfall from any deal.



Potential bidders could include traditional media owners such as News Corporation, ITV and DMGT.

Media conglomerates are looking to expand into online media as growth in their core businesses slows. On Tuesday, US-based media giant NBC acquired women's entertainment website iVillage for $600m ( pounds 346m). Last year, News Corp acquired several US internet businesses, including Scout.com and MySpace.com, while broadcaster ITV acquired Friends Reunited for pounds 175m.

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