Blackstone to acquire Ancestry.com for $4.7 billion

Blackstone Group agreed to acquire genealogy provider Ancestry.com from private equity rivals for $4.7 billion, including debt, placing a big bet on family-tree chasing as well as personalized medicine.

Ancestry.com is the world’s largest provider of DNA services, allowing customers to trace their genealogy and identify genetic health risks with tests sent to their home.

Source: Blackstone to acquire Ancestry.com for $4.7 billion – Reuters