4 years ago
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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.
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One of my new hobbies since COVID-19 made going out less desirable. Time will tell what this buy-out means for Ancestry users.