• Blackstone reportedly buying a majority stake in Ancestry.com for $4.7 billion

    Blackstone reportedly buying a majority stake in Ancestry.com for $4.7 billion

    Blackstone Group is taking a majority stake in DNA testing business Ancestry.com. The private-equity giant headed by billionaire Stephen Schwarzman is acquiring 75 percent of the family history research business for $4.7 billion, Bloomberg reports. The acquisition would be the first for Blackstone’s massive $25 billion private equity fund. The deal has been in the …