Blackstone to acquire Ancestry.com for $4.7 billion, giving investment firm total ownership of all DNA from every person who’s ever used the service
Blackstone to acquire Ancestry.com for $4.7 billion, giving investment firm total ownership of all DNA from every person who’s ever used the service
The world’s largest provider of DNA services has been gobbled up by Wall Street investment giant Blackstone.
For $4.7 billion, Blackstone purchased Ancestry.com from private equity rivals Silver Lake, Spectrum Equity, and Permira, placing a “big bet,” as Reuters describes it, “on family-tree chasing as well as personalized medicine.”
In case you are unfamiliar with the services it offers, Ancestry.com allows customers to not only trace their genealogy but also identify specific genetic health risks using testing kits. (Related: Remember when it came out that Communist China is stealing people’s DNA from these at-home testing kits?)
Blackstone’s hope is that because of the Wuhan coronavirus (Covid-19), more customers will stay home and use Ancestry.com’s services, generating more profits for the investment firm.
Go paid at the $5 a month level, and we will send you both the PDF and e-Pub versions of “Government” - The Biggest Scam in History… Exposed! and a coupon code for 10% off anything in the Government-Scam.com/Store.
Go paid at the $50 a year level, and we will send you a free paperback edition of Etienne’s book “Government” - The Biggest Scam in History… Exposed! AND a 64GB Liberator flash drive if you live in the US. If you are international, we will give you a $10 credit towards shipping if you agree to pay the remainder.
Support us at the $250 Founding Member Level and get a signed high-resolution hardcover of “Government” + Liberator flash drive + Larken Rose’s The Most Dangerous Superstition + Art of Liberty Foundation Stickers delivered anywhere in the world. Our only option for signed copies besides catching Etienne @ an event