Both ancestry.com and familysearch.com are owned by the LDS church.
The Generations Network is a genealogy discovery company which helps you map your family tree through its online resouces Ancestry.com and MyFamily.com. The company also operates Genealogy.com and RootsWeb.com. The Generations Network has been around since far before the bubble. It started as a print publishing company called Ancestry in 1983. In October 2007 the company was acquired by Spectrum Equity Investors for $300 million dollars.