15 Jun Genealogist- Newsletter- June 17, 2023
GENEALOGIST- BLACKSTONE BEATS GENETIC PRIVACY LAWSUIT Some folks were upset about or did not know that Blackstone had purchased Ancestry.com back in 2020, and sued, but the suit was dismissed, see the link: https://www.kirkland.com/news/in-the-news/2023/05/calling-lawsuit-bare-bones-7th-circuit-rejects-genetic-privacy-claims-over-ancestry-com-acquisition However, it's not like Blackstone bought it from a bunch of genealogists. It was previously owned by at least four other private equity firms (see below), Were they good stewards of all of those DNA tests? New York, December 4, 2020 – 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,...