Blackstone Group represents the pinnacle of globalization and the super-rich elite that control it. With Ancestry.com, a host of Technocrats will gain access to the largest pool of information on DNA and family relationships in the world. This is a marketing and social engineering bonanza for Technocracy. ⁃ Technocracy News & Trends Editor Patrick Wood

By: Chibuike Oguh via OANN

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

Ancestry.com 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 Ancestry.com for its services.

“We believe Ancestry has significant runway for further growth as people of all ages and backgrounds become increasingly interested in learning more about their family histories and themselves,” David Kestnbaum, a Blackstone senior managing director, said in a statement.

The deal is Blackstone’s first acquisition out of Blackstone Capital Partners VIII, the largest-ever private equity fund that raised $26 billion from investors last year.

https://www.naturalblaze.com/2020/08...7-billion.html