Sunday, 9 August 2020

A Private Equity Firm Bought Ancestry, and Its Trove of DNA, for $4.7B

A Private Equity Firm Bought Ancestry, and Its Trove of DNA, for $4.7B

Blackstone, which says it will not have access to people's data, acquired the genealogy and home DNA testing company from a group of other investment firms. The genealogy company Ancestry has been acquired by investment firm Blackstone for $4.7 billion, changing ownership of the company and its trove of user-submitted DNA from a set of investment firms to another private equity firm.
Read more: https://www.vice.com/en_au/article/akzyq5/private-equity-firm-blackstone-bought-ancestry-dna-company-for-billions?source=Snapzu

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