I may be the last to blog about the sale of a 75% interest in genealogy company Ancestry.com for $4.7 billion US including debt.
The company previously changed ownership in 2012 for $1.6 billion US and in 2016 in a transaction valued at $2.6 billion.
Reports mentioned Ancestry.com has more than 3 million paying customers in about 30 countries, and earns more than $1 billion in annual revenue.
The purchase is by Blackstone "a leading global investment business investing capital on behalf of pension funds, large institutions and individuals. Our mission is to create long-term value for our investors through the careful stewardship of their capital." Like Findmypast, and unlike MyHeritage, the new owners do not have genealogy in their DNA.
On Wednesday Blackstone Group Inc (NYSE:BX) closed up 1,5% on the day. Blackstone has committed to invest more than $2 billion in equity in Ancestry through debt financing.
More.
2 comments:
What does this really mean? I'm not accustomed to dealing with amounts over 3 figures.
Blackstone has committed to invest more than $2 billion in equity in Ancestry through debt financing.
Sometimes it means the bean counters (accountants) are in charge of policies...
Post a Comment