OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
»  CBD oil 101: a user’s guide
Blackstone to acquire Ancestry.com for $4.7 billion EmptyToday at 9:19 am by PurpleSkyz

»  Scientists find 40,000-year-old star maps featuring ‘sophisticated knowledge of constellations’
Blackstone to acquire Ancestry.com for $4.7 billion EmptyToday at 9:12 am by PurpleSkyz

» Proof you can't fix stupid - Actress Suffers Facial Paralysis After Covid Jab – Says She’d Do It Again!
Blackstone to acquire Ancestry.com for $4.7 billion EmptyToday at 8:59 am by PurpleSkyz

» Tropical Storm Ian still pounding Florida in ‘500-year flooding event’; 2.6M without power: Live updates
Blackstone to acquire Ancestry.com for $4.7 billion EmptyToday at 8:48 am by PurpleSkyz

» Bad-clown Rising - Monkey House
Blackstone to acquire Ancestry.com for $4.7 billion EmptyToday at 12:38 am by PurpleSkyz

» Rapper Coolio Dies From Massive Heart Attack – Doctors Baffled ... of course they are
Blackstone to acquire Ancestry.com for $4.7 billion EmptyToday at 12:21 am by PurpleSkyz

» 1354 Athlete Cardiac Arrests Since COVID Vaccine
Blackstone to acquire Ancestry.com for $4.7 billion EmptyToday at 12:13 am by PurpleSkyz

» Another16-Year-Old Boy Gone After Taking Pfizer Jab
Blackstone to acquire Ancestry.com for $4.7 billion EmptyToday at 12:10 am by PurpleSkyz

» Forget the Blame Game, Nordstream Sabotage Is About the Great Reset & Nothing Else.
Blackstone to acquire Ancestry.com for $4.7 billion EmptyToday at 12:07 am by PurpleSkyz

» Exclusive: Medical examiners were told to lie on death certificates
Blackstone to acquire Ancestry.com for $4.7 billion EmptyToday at 12:03 am by PurpleSkyz

» CDC walks back COVID guidance again, finds lasting post-vaccine heart problems in young adults
Blackstone to acquire Ancestry.com for $4.7 billion EmptyYesterday at 10:28 am by PurpleSkyz

» Edward Snowden: America’s Open Wound. The CIA Is Not Your Friend
Blackstone to acquire Ancestry.com for $4.7 billion EmptyYesterday at 10:25 am by PurpleSkyz

» Who Blew-Up The Pipeline?…The Plot Thickens
Blackstone to acquire Ancestry.com for $4.7 billion EmptyYesterday at 10:18 am by PurpleSkyz

» Videos & Photos Document Destruction As Hurricane Ian Makes Florida Landfall
Blackstone to acquire Ancestry.com for $4.7 billion EmptyYesterday at 10:12 am by PurpleSkyz

» Europe is collapsing, and it’s just the first domino of many to fall
Blackstone to acquire Ancestry.com for $4.7 billion EmptyYesterday at 9:53 am by PurpleSkyz

» First Gardasil Wrongful Death Lawsuit Filed Alleging HPV Vaccine Caused 13-Year-Old’s Death
Blackstone to acquire Ancestry.com for $4.7 billion EmptyYesterday at 9:49 am by PurpleSkyz

» A Fateful Moment of History Is Upon Us
Blackstone to acquire Ancestry.com for $4.7 billion EmptyYesterday at 9:45 am by PurpleSkyz

» Dr. Reiner Fuellmich: (September 28, 2022) A Statement Regarding the Events of the Past Few Weeks
Blackstone to acquire Ancestry.com for $4.7 billion EmptyYesterday at 9:42 am by PurpleSkyz

» Oracle Films Documentary: Safe and Effective: A Second Opinion (2022)
Blackstone to acquire Ancestry.com for $4.7 billion EmptyYesterday at 9:40 am by PurpleSkyz

» 3-Year-Old Given 8% Chance to Live Overcomes Cancer with Cannabis
Blackstone to acquire Ancestry.com for $4.7 billion EmptyYesterday at 9:25 am by PurpleSkyz

» REPORT: Democrats want the FAA to shut down DeSantis’ charter flights of illegals…
Blackstone to acquire Ancestry.com for $4.7 billion EmptyWed Sep 28, 2022 10:51 am by PurpleSkyz

» NBA Star Kyrie Irving Says He Lost $100 Million, 4-Year Extension for Refusing Covid Vaccine
Blackstone to acquire Ancestry.com for $4.7 billion EmptyWed Sep 28, 2022 10:47 am by PurpleSkyz

You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GOVERNMENTS & THE NEW WORLD ORDER » Blackstone to acquire Ancestry.com for $4.7 billion

Blackstone to acquire Ancestry.com for $4.7 billion

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin

Blackstone to acquire Ancestry.com for $4.7 billion
Chibuike Oguh



Blackstone to acquire Ancestry.com for $4.7 billion The-Official-Guide-to-Ancestry-com-Morgan-George-G-9781593313043

Aug 5 (Reuters) - Blackstone Group Inc BX.N said on Wednesday it agreed to acquire genealogy provider Ancestry.com Inc from private equity rivals for $4.7 billion, including debt, placing a big bet on family-tree chasing as well as personalized 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.
Blackstone is hoping that more consumers staying at home amid the COVID-19 pandemic will turn to Ancestry.com for its services.
“We believe Ancestry has significant runway for further growth as people of all ages and backgrounds become increasingly interested in learning more about their family histories and themselves,” David Kestnbaum, a Blackstone senior managing director, said in a statement.
The deal is Blackstone’s first acquisition out of Blackstone Capital Partners VIII, the largest-ever private equity fund that raised $26 billion from investors last year.
Ancestry.com has more than 3 million paying customers in about 30 countries, and earns more than $1 billion in annual revenue. Launched in 1996 as a family history website, it harnessed advances in DNA testing and mobile phone apps in the following two decades to expand its offerings.
Advertisement
Blackstone is buying Ancestry.com from private equity firms Silver Lake, Spectrum Equity and Permira. Singapore’s sovereign wealth fund GIC, another Ancestry.com investor, said it will continue to maintain a significant minority stake in the company.
The acquisition’s price tag represents a significant jump to Ancestry.com’s valuation from four years ago, when Silver Lake and GIC invested in the Lehi, Utah-based company at a $2.6 billion valuation.
Reporting by Chibuike Oguh in New York; Editing by Bernadette Baum
Our Standards:The Thomson Reuters Trust Principles.


Thanks to: https://www.reuters.com



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum