Blackstone looking to offload Ancestry

[MelmothTheLost]

Blackstone weighs options for Ancestry.com, including sale or IPO, sources say​

Blackstone is weighing strategic options, including an initial public offering or a sale, for Ancestry.com, the hugely popular platform that helps users trace their genealogical roots, people familiar with the matter said.

The buyout firm invited banks to pitch for an IPO of the Lehi, Utah-based company, the people said, asking not to be identified because the information is not public. Requests for proposals were submitted by the banks earlier this week, they added.

Exclusive: Blackstone weighs options for Ancestry.com, including sale or IPO, sources say

Blackstone is weighing strategic options, including an initial public offering or a sale, for Ancestry.com, the hugely popular platform that helps users trace their genealogical roots, people familiar with the matter said.

www.reuters.com

Other reports on the subject:

Blackstone explores $10bn exit options for Ancestry.com through IPO or sale | Private Equity Insights

pe-insights.com

https://seekingalpha.com/news/4498757-blackstone-considers-options-for-ancestry-com-including-possible-ipo-report

You may recall there was concern about a possible Chinese acquisition of 23andMe earlier this year which was headed off when that company was acquired by a Canadian pharma research buyer. If I had my DNA on Ancestry (I don't) I'd be pulling it off there PDQ until the position is a lot clearer.

 

[mickey2942]

Blackstone weighs options for Ancestry.com, including sale or IPO, sources say​

Blackstone is weighing strategic options, including an initial public offering or a sale, for Ancestry.com, the hugely popular platform that helps users trace their genealogical roots, people familiar with the matter said.

The buyout firm invited banks to pitch for an IPO of the Lehi, Utah-based company, the people said, asking not to be identified because the information is not public. Requests for proposals were submitted by the banks earlier this week, they added.

Exclusive: Blackstone weighs options for Ancestry.com, including sale or IPO, sources say

Blackstone is weighing strategic options, including an initial public offering or a sale, for Ancestry.com, the hugely popular platform that helps users trace their genealogical roots, people familiar with the matter said.

www.reuters.com

Other reports on the subject:

Blackstone explores $10bn exit options for Ancestry.com through IPO or sale | Private Equity Insights

pe-insights.com

https://seekingalpha.com/news/4498757-blackstone-considers-options-for-ancestry-com-including-possible-ipo-report

You may recall there was concern about a possible Chinese acquisition of 23andMe earlier this year which was headed off when that company was acquired by a Canadian pharma research buyer. If I had my DNA on Ancestry (I don't) I'd be pulling it off there PDQ until the position is a lot clearer.

My issue with these "DNA" companies, is that while I personally have never consented to my DNA being collected, my kids have done the "23andme" kits, and Ancestory.".

So, in effect, "my" DNA is in the database.