Private Equity

Blackstone Buying A Majority Stake In Ancestry.com: Report

by nypost.com posted 12months ago 85 views
Blackstone Group is taking a majority stake in DNA testing business Ancestry.com. The private-equity giant headed by billionaire Stephen Schwarzman is acquiring 75 percent of the family history research business for $4.7 billion, Bloomberg reports. The acquisition would be the first for Blackstone’s massive $25 billion private equity fund. The deal has been in the...

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