Blackstone to buy Ancestry.com as DNA curiosity on the up
The $4.7bn deal is the first by Blackstone Capital Partners VIII and gives Ancestry a far higher valuation than the $2.6bn of four years ago
05 August 2020 - 18:52
New York — Blackstone Group said on Wednesday that it has agreed to acquire genealogy provider Ancestry.com from private equity rivals for $4.7bn, including debt, placing a big bet on family-tree chasing as well as personalised medicine.
Ancestry.com is the world’s largest provider of DNA services, allowing customers to trace their genealogy and identify genetic health risks with tests sent to their home...
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