Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

World’s Biggest Landlord Buys World’s Biggest Genealogy Website

Gizmodo: “The Blackstone Group will buy a majority stake in the genealogy website in a deal worth $4.7 billion, according to a press release published Wednesday. Blackstone Group, a private equity firm, is the world’s largest landlord and Ancestry is the world’s largest genealogy website, with over 6 billion records on family history in the U.S. alone. Ancestry also provides DNA testing and has over 18 million DNA test results in its databases. Ancestry officially operates in over 34 countries around the world, though it’s accessible from pretty much anywhere on the planet. The genealogy website was founded in Utah in 1996 and has over three million paying subscribers with revenue of roughly $1 billion a year. The company has expanded into DNA testing in recent years and has partnered with drug companies to share data, raising plenty of eyebrows among privacy activists. The Pentagon has even warned U.S. military personnel against using DNA test kits available from companies like Ancestry and 23andMe. Blackstone is buying a 75% stake in Ancestry, according to the Financial Times, and owns hundreds of thousands of properties around the world. Blackstone owns both commercial and residential real estate in the U.S., Europe, Asia, and South America, including high-profile hotels like the Bellagio in Las Vegas and the biggest apartment complex in Manhattan. The properties are often owned under countless subsidiary names…”

Sorry, comments are closed for this post.