Blackstone Reaches $4.7 Billion Deal to Buy Ancestry.com

Blackstone Group Inc. acquired a majority stake in Ancestry.com 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 … Continue reading Blackstone Reaches $4.7 Billion Deal to Buy Ancestry.com