Blackstone purchase of ancestry
WebJul 26, 2024 · Blackstone's deal with Ancestry is worth $4.7 billion In 2024, Blackstone announced it was going to acquire Ancestry for a hefty $4.7 billion. Blackstone's former … WebAug 5, 2024 · 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 US$4.7 billion, Blackstone said in a statement Wednesday. It’s the first acquisition by Blackstone’s largest ever private equity fund.
Blackstone purchase of ancestry
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WebAug 5, 2024 · Blackstone, out of New York, will own 75% of Ancestry and GIC Pte, formerly known as Government of Singapore Investment Corporation will own 25%. … WebAug 5, 2024 · Blackstone (ticker: BX) said Wednesday it was buying Ancestry in a deal valued at $4.7 billion. Blackstone will have roughly 75% of Ancestry, while GIC—the sovereign-wealth fund once known...
Web17. Given Ancestry.com’s massive database of genetic information obtained from millions of customers, Blackstone sought to purchase Ancestry.com and on August 5, 2024 Blackstone announced an agreement to acquire Ancestry.com for $4.7 billion.1 18. On December 4, 2024, Blackstone reported that it had fully completed its
WebAug 5, 2024 · Blackstone is the third private equity group to invest in the company in the space of eight years, with its valuation jumping at each change of hands. London-based Permira bought Ancestry in... WebAug 5, 2024 · The alternative asset manager Blackstone is set to buy about 75% of Ancestry.com, the business known for family history research and DNA testing, in a deal valued at $4.7 billion including debt ...
WebAug 5, 2024 · New York, August 5, 2024 – Blackstone (NYSE:BX) today announced that private equity funds managed by Blackstone (“Blackstone”) have reached a definitive …
WebPrivate investment firm Blackstone Group is set to acquire 75% of direct-to-consumer (DTC) genetic testing firm Ancestry from its former equity holders in a $4.7 billion deal. tiny baby baby growsWebAug 5, 2024 · By Dave Sebastian Blackstone Group Inc. said Wednesday it has agreed to buy the genealogy site Ancestry.com for an enterprise value of $4.7 billion. Current Ancestry investor GIC would... April 9, 2024 pasta from italy brandsWebOct 18, 2024 · Blackstone purchased a majority stake for $4.7 billion in August 2024. Blackstone is an equity investment company founded in 1985 in New York that manages assets valued at over $530 billion. The … tiny baby bump maternity dressWebAccording to new reports from Reuters, the multinational private equity firm Blackstone Group has purchased Ancestry.com for the staggering price of $4.7 billion. This acquisition includes all... pasta frittata with sausage and hot peppersWebAug 5, 2024 · (Reuters) - Blackstone Group Inc said on Wednesday it agreed to acquire genealogy provider Ancestry.com Inc from private equity rivals for $4.7 billion, … pasta from scratch bbc good foodWebAug 7, 2024 · The Blackstone Group is acquiring a 75% stake in Ancestry.com for $4.7B. It’s a major move at a tricky moment Two DNA-testing kingpins, Ancestry and 23andMe, laid off workers this year when … tiny baby brand dresses onlineWebDec 7, 2024 · Why it matters: Private equity firm Blackstone announced in August it was acquiring a majority stake in direct-to-consumer genetics company Ancestry from its former equity holders for $4.7... tiny baby brand clothes online