Blackstone Reaches $4.7 Billion Deal to Buy – Bloomberg

I had planned on a different post for this time slot, but I noticed the reports earlier today on this deal. It’s also being mentioned in some of my social media groups.

I saw this on a different site first –, but it has a paywall so I went looking for more information that wasn’t behind a paywall – Blackstone Reaches $4.7 Billion Deal to Buy Bloomberg does limit how many times you can view their site without being a paid subscriber which I reached with this article. I can’t remember if it’s a monthly free limit or not. In doing more research, I saw it was reported also on which doesn’t appear to have a limit on free access.

I recall there was a rumor about this proposed purchase not too long ago. It’s still a rumor as the source did not have permission to share this information. There are enough news outlets reporting it that I believe the rumor is true. Otherwise, a lot of popular news outlets will have egg on their face.Time will tell if this is a good deal for paying subscribers of Ancestry. I think it’s too early to tell if this will be an overall benefit to paid subscribers. I think once the new majority owner takes control we will learn if subscription prices go up, stay the same, or go down. It may be a few months before we find out. I don’t see regular AncestryDNA kits going up in price as the price is more than FamilyTree DNA (FTDNA) and MyHeritageDNA charge by $20.

What will become interesting is if the new majority owner stays with AncestryDNA‘s current policy on handing over information to law enforcement.


Updated on
  • Firm will take about 75% ownership stake in Utah-based company
  • Alternative asset manager has a $156 billion cash pile

Blackstone Group Inc.acquired a majority stake in Inc., the business known for family history research and DNA testing.


The deal is valued at $4.7 billion, Blackstone said in a statement Wednesday. It’s the first acquisition by Blackstone’s largest ever private equity fund. Silver Lake and Singaporean sovereign-wealth fund GIC Pte have been the majority owners since 2016. After the deal closes, Blackstone will own about 75% and GIC will still hold about 25% of, said people familiar with the matter, who asked not to be identified because the information is private.

New York-based Blackstone is flush with cash as investors continue to bet big on the firm amid the uncertainty caused by the Covid-19 pandemic. Executives have in recent months touted success in navigating the 2008 financial crisis to show that the business, which has $156 billion in dry powder, will be well positioned to benefit from the current upheavals.



About ICT Genealogist

Originally from Gulfport, Mississippi. Live in Wichita, Kansas now. I suffer Bipolar I, ultra-ultra rapid cycling, mixed episodes. Blog on a variety of topics - genealogy, DNA, mental health, among others. Let's
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