This paper reviews the literature on acquisitions of family firms and present central topics in that research ad presents two cases of acquisition of family business. The review reveals that there is still a quite limited amount of research on acquisitions of family firms, and the business network dimension is basically non-existent. The paper points at that most studies focus on the inertia created as family firms are unwilling to divest, while it tells much less about the process following divestment decisions, the impact of new owners, and the network consequences. Contributions are made to the literature on network effects of mergers and acquisitions and to the broader acquisiton literature, where the main focus on large-scale, publicly traded firms’ transactions, mean that family firms constructs a specific setting.