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Blackstone Will Acquire Ancestry.com for $4.7 Billion

Blackstone Group Inc (BX.N) agreed to acquire genealogy provider Ancestry.com Inc from private equity rivals for $4.7 billion, on Wednesday. Blackstone is buying Ancestry.com from private equity firms Silver Lake, Spectrum Equity and Permira. There has been a significant increase in Ancestry.com’s value in the last four years compared to when Silver Lake and GIC invested …

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