Blackstone (BX) to Acquire Ancestry for $4.7 Billion
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Blackstone to Acquire Ancestry®, Leading Online Family History Business, for $4.7 Billion
August 5, 2020 8:00 AM EDTNEW YORK--(BUSINESS WIRE)-- Blackstone (NYSE: BX) today announced that private equity funds managed by Blackstone (Blackstone) have reached a definitive agreement to acquire Ancestry® from Silver Lake, GIC, Spectrum Equity, Permira, and other equityholders for a total enterprise value of $4.7 billion. Current Ancestry investor GIC will continue to retain a significant minority stake in the company. This transaction represents the first control acquisition for Blackstones eighth vintage of its flagship private equity vehicle.
Ancestry is the global leader in digital family history services, operating in more than 30 countries with more than 3 million... More
