MyHeritage Ltd. signed an agreement to acquire 43.1% stake in Filae S.A. (ENXTPA:ALFIL) from Geneanet SA and Trudaine Participations for €14.8 million on August 2, 2021. Under the terms of transaction, MyHeritage will purchase 0.710782 million shares at a purchase price of €20.75 per share. In a separate transaction, MyHeritage Ltd. agreed to acquire 47.83% stake in Filae S.A. from its founder and Chief Executive Officer Toussaint Roze for €15.85 million and MyHeritage will file a simplified mandatory takeover bid followed by a squeeze-out at the price of €20.75 per Filae share. Filae will remain a French company based in Paris and will continue to operate autonomously. Filae’s founder, Toussaint Roze, will continue to manage the company and its operations will continue uninterrupted.