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Blackstone is set to acquire Ancestry.com for $4.7 billion, gaining total ownership of the DNA data from everyone who has ever used the service.

This is why I avoid services like 23andMe and Ancestry.com—I never trusted them.

And by the way, Blackstone is also the firm buying up houses and multi-unit properties across the USA, turning it into a renter's market.

eg Blackstone agreed to purchase AIR Communities for approximately $10 billion, marking its largest multifamily deal to date. The portfolio includes 76 properties with over 27,000 units in coastal markets such as Miami, Los Angeles, Boston, and Washington, D.C. Blackstone plans to invest an additional $400 million to improve these properties and may allocate more funds for future growth.

eg Tricon Residential: Earlier in the year, Blackstone announced the acquisition of Tricon Residential, a Toronto-based developer with around 38,000 build-to-rent houses in the U.S. The deal, valued at $3.5 billion, includes plans to complete Tricon’s $1 billion pipeline of single-family rentals and $2.5 billion in apartment projects across Canada.

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₿itCrazy

This story is from 2020! New York, December 4, 2020 – Blackstone (NYSE:BX) today announced that private equity funds managed by Blackstone (“Blackstone”) have completed their previously announced acquisition of Ancestry® from Silver Lake, GIC, Spectrum Equity, Permira, and other equity holders for a total enterprise value of $4.7 billion.

TipOfTheMittFlips

This appears to be false and they do not have access to DNA

Maine McEachern

This hyper-concentration of speculative ownership over housing is brutal and should probably be prohibited.

ム尺イ

Has IA verified this?

Jimi Niall

Tokenization of our DNA & Personal Space...

jexas

Trust no one with my DNA, though I'm sure it's been collected at some point without my consent.

Bill E Vader

I'd consider using these DNA services to prove I'm NOT related to my nutty family

DonnieD

In principle I'm all about the free market system, but then we have entities like Blackstone that gobble everything up leaving no room for competition and no room for consumer choice; leaving us with monopolies. Very concerned about Blackstone increasing ownership of single family homes and multi-family. Sincerely, hope there is a correction that bankrupts them and frees up inventory to be sold to single families.

Nomad247

Soooooo glad i never used any of the company's