CORRECTION Any You Thought Giving your DNA to was harmless


Blackstone is buying

Everybody just sold themselves out. Now your DNA will get sold to any insurer that wants to buy it, or any other business that wants to know about you and your family.

Blackstone to acquire for $4.7 billion

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

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



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