WebAug 5, 2024 · (Reuters) - Blackstone Group Inc said on Wednesday it agreed to acquire genealogy provider Ancestry.com Inc from private equity rivals for $4.7 billion, … WebDec 7, 2024 · Why it matters: Private equity firm Blackstone announced in August it was acquiring a majority stake in direct-to-consumer genetics company Ancestry from its former equity holders for $4.7...

Blackstone to acquire Ancestry.com for $4.7 billion, giving …

WebEarly Notables of the Blackstone family (pre 1700) Notable amongst the family name during their early history was Reverend William Blaxton (Blackstone) (1595-1675), an early … WebAug 5, 2024 · Blackstone Group Inc. acquired a majority stake in Ancestry.com Inc., the business known for family history research and DNA testing. The deal is valued at US$4.7 billion, Blackstone said in a statement Wednesday. It’s the first acquisition by Blackstone’s largest ever private equity fund. processing settings

Blackstone reaches US$4.7B deal to buy Ancestry.com

WebBlackstone is set to buy a majority share of Ancestry in a $4.7 billion deal. lackstone is set to buy a majority share of genetic testing company Ancestry. And we think this acquisition could ... WebMay 5, 2024 · Claims have surfaced online that the investment firm Blackstone now has access to the genetic information of Ancestry.com customers, after it purchased the family history site for $4.7... WebMar 6, 2024 · This suggests that Blackstone is aiming for a venture into the customized medicine industry. “You don’t spend $4.7 billion unless you have a plan to make it back, and more,” said longtime Ancestry.com user Shirley Ruge, adding that she doesn’t “believe for a second that Blackstone bought Ancestry simply because they love people.” processing setup draw