Ancestry has been in the news lately, many new things have been announced in the last 5 weeks. We are now finding out why!! What a deal….
The first recent announcement came out yesterday: the new HEALTH DNA test is now available. $179 will tell you all….
The second announcement came out today: Blackstone Group Inc. acquired a 75% stake in Ancestry for $4.7 billion ! Wow, that is lots of money for only 3/4 of Ancestry. According to Bloomberg, Silver Lake and Singaporean sovereign-wealth fund GIC Pte have been majority owners since 2016, when they bought it for $2.6 billion. It was taken private in 2012 for $1.6 billion by private equity firm Permira. It was originally a public company, raising $100 million at its IPO in 2009. This has been quite a ride for “just a genealogy company”!
Their statistics show this:
Given their size and recent financial dealings, it is understandable that they have wanted to get their computer systems to perform better and faster. The simple changes they have announced regarding DNA are
- Accurate # of shared segments (early August)
- See length of longest segments (mid August)
- Sharing cutoff will be 8 cM (late August)
We now know the rest of the story!!