Monday, August 24, 2020

Blackstone Group to acquire Ancestry.com - The danger is palpable

I'm sure most of you have heard about Blackstone, and the other dark-horse Bain & Company. The acquisition of Ancestry.com in a world filled with artificial intelligence, and a proposed global vaccine, could mean selective genocide. I hope you get it?

Nanotechnology-laced recombinant vaccines powered by 5G technology, can be programmed to select specific DNA characteristics, and exterminate those people remotely. And you thought ancestry.com was about building your family tree and knowing your origins. If you participated in the sham, you have provided Blackstone and the globalists, the ammunition to terminate you. You won't know how or why.

This purchase should be raising immense privacy concerns. Almost 20 million people in 30 countries have registered with Ancestry.com. What information have registrants provided about their extended family is another major concern.

Thank you,
Joseph Pede


Blackstone Group Inc BX.N said on Wednesday it agreed to acquire genealogy provider Ancestry.com Inc from private equity rivals for $4.7 billion, including debt, placing a big bet on family-tree chasing as well as personalized medicine.

Ancestry.com is the world’s largest provider of DNA services, allowing customers to trace their genealogy and identify genetic health risks with tests sent to their home.

Blackstone is hoping that more consumers staying at home amid the COVID-19 pandemic will turn to Ancestry.com for its services.

“We believe Ancestry has significant runway for further growth as people of all ages and backgrounds become increasingly interested in learning more about their family histories and themselves,” David Kestnbaum, a Blackstone senior managing director, said in a statement.

The deal is Blackstone’s first acquisition out of Blackstone Capital Partners VIII, the largest-ever private equity fund that raised $26 billion from investors last year.

Ancestry.com has more than 3 million paying customers in about 30 countries, and earns more than $1 billion in annual revenue. Launched in 1996 as a family history website, it harnessed advances in DNA testing and mobile phone apps in the following two decades to expand its offerings.

Blackstone is buying Ancestry.com from private equity firms Silver Lake, Spectrum Equity and Permira. Singapore’s sovereign wealth fund GIC, another Ancestry.com investor, said it will continue to maintain a significant minority stake in the company.

The acquisition’s price tag represents a significant jump to Ancestry.com’s valuation from four years ago, when Silver Lake and GIC invested in the Lehi, Utah-based company at a $2.6 billion valuation.






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