August 10, 2020 Business
Elise Reuter reports:
A deal involving one of the largest direct-to-consumer genetic testing companies has raised questions about what it will mean for users’ data. Private equity firm Blackstone will acquire Ancestry.com for $4.7 billion.
Blackstone will take a 75% stake in the company, with one of Ancestry’s previous investors, GIC, holding the remaining 25%, anonymous sources told Bloomberg.
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