Does Blackstone own ancestry?

New York – Blackstone (NYSE:BX) today announced that private equity funds managed by Blackstone (“Blackstone”) have completed their previously announced acquisition of Ancestry® from Silver Lake, GIC, Spectrum Equity, Permira, and other equity holders for a total enterprise value of $4.7 billion.

How does Blackstone recoup a huge investment in ancestry?

Again, Blackstone says it aims to recoup that huge investment through Ancestry’s subscription fees, which run from $25 to $50 a month. But nearly every expert I spoke with cited the partnership announced in 2018 between Ancestry rival 23andMe and pharmaceutical giant GlaxoSmithKline.

Does Blackstone own DNA?

In a statement sent to Newsweek, Blackstone said its purchase of Ancestry.com did not grant it any rights to ownership of customer genetic information. Blackstone spokesman Matt Anderson told Newsweek: "As we've said repeatedly, Blackstone has not and will not access user DNA data.