Blackstone Reaches $4.7 Billion Deal to Buy Ancestry.com

3 years ago by Lovstuhagen to c/freeforum

Blackstone Group Inc. acquired a majority stake in Ancestry.com Inc., the business known for family history research and DNA testing.
SJ_Zero 2 points 3 years ago

Holy shit.

I dodged a bullet there! My mom got me one of those kits but I never used it because I wasn't really that interested. And now I've avoided giving Blackstone my DNA!

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Lovstuhagen 2 points 3 years ago

Congrats!

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zamorano 2 points 3 years ago

4.7 Billion. Sounds like money laundering to me.

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Lovstuhagen 1 point 3 years ago

I do not really get it, either...

Unless, of course, it is going to be used for ethically questionable applications, like informing the insurance industry of how to insure people as they hold their collective DNA on record.

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buycurious 1 point 3 years ago

I can’t help but feel like the data collected that’s been collected will be used for some sort of malicious purpose, like denying health insurance claims.

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