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Heather Perlberg / Bloomberg:
Blackstone says it has reached a $4.7B deal for a majority stake in Ancestry.com; sources say Singaporean sovereign-wealth fund GIC will retain a ~25% stake   —  - Firm will take about 75% ownership stake in Utah-based company  — Alternative asset manager has a $156 billion cash pile
Aug 5, 2020, 12:35 PMIn context
Christina Farr / CNBC:
After layoffs at 23andMe, Ancestry says it is laying off 6%, citing slowdown across entire DNA testing category, now that most of early adopters have enrolled   —  - Ancestry, following 23andMe, made the decision to lay off some employees.  It confirmed to CNBC that the cuts affected 6% of its workforce.
Feb 5, 2020, 7:25 PMIn context
Antonio Regalado / MIT Technology Review:
Study: by the start of 2019, over 26M consumers have added their DNA to four leading commercial ancestry and health databases, primarily AncestryDNA   —  The genetic genie is out of the bottle.  And it's not going back.  —  As many people purchased consumer DNA tests in 2018 …
Feb 12, 2019, 7:15 AMIn context
Salvador Hernandez / BuzzFeed News:
DNA testing firm FamilyTreeDNA is working with the FBI and allowing agents to search its 1M+ DNA profiles, raising user concerns about data privacy   —  Family Tree DNA, one of the largest private genetic testing companies whose home-testing kits enable people to trace their ancestry and locate relatives …
Feb 1, 2019, 9:30 PMIn context
Washington Post:
Genetic testing firms including Ancestry and 23andMe pledge to be upfront when they share users' DNA data with 3rd parties, but the new guidelines are voluntary   —  Ancestry, 23andMe and other popular companies that offer genetic testing pledged on Tuesday to be upfront when they share users' DNA data …
Jul 31, 2018, 6:55 PMIn context
Stuart Leavenworth / McClatchy Washington Bureau:
As DNA testing sites like Ancestry.com amass the most sensitive data of millions of people, fears abound about data breaches and changing Terms of Service   —  DNA for Sale  —  LEHI, UTAH  —  It markets its DNA kits with promises that tug at the heartstrings: Discover ancestors.  Strengthen family ties.
Jun 3, 2018, 6:05 PMIn context
Dan Primack / Axios:
Ancestry.com CEO Tim Sullivan steps down and will transition into a chairman role on October 1; Ancestry's IPO is now delayed   —  Tim Sullivan is stepping down as CEO of geneology site Ancestry.com, which has been gearing up to go public.  The company was most recently valued at $2.6 billion.
Sep 12, 2017, 10:55 AMIn context
Dan Primack / Fortune:
Ancestry.com now valued at $2.6B after Silver Lake and Singaporean sovereign wealth fund GIC buy minority stakes in the company   —  Silver Lake Buys Into Ancestry.com at $2.6 Billion Valuation  —  Private equity firm Silver Lake and Singaporean sovereign wealth fund GIC have agreed …
Apr 1, 2016, 2:20 PMIn context
Kashmir Hill / Fusion:
Law enforcement requesting suspects' DNA data from databases of Ancestry and 23andMe   —  Cops are asking Ancestry.com and 23andMe for their customers' DNA  —  When companies like Ancestry.com and 23andMe first invited people to send in their DNA for genealogy tracing and medical diagnostic tests …
Oct 18, 2015, 6:30 PMIn context
Reuters:
Ancestry.com explores sale; with 2.1M paying subscribers, accounting for 83% of its $620M revenue last year, could fetch up to $3B   —  Exclusive: Genealogy website Ancestry.com explores sale: sources  —  Ancestry.com LLC, the world's largest family history website helping users trace their heritage …
May 20, 2015, 10:25 PMIn context

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