https://www.latimes.com/business/story/2021-04-13/column-blackstone-ancestry-genetic-privacy
Why was Utah-based Ancestry purchased in December by the New York investment firm Blackstone Group for $4.7 billion?
And: What does Blackstone plan to do with that treasure trove of genetic data, which is highly sought after by drug companies, insurance firms, employers and others?
“I don’t believe for a second that Blackstone bought Ancestry simply because they love people,” Ruge said. “You don’t spend $4.7 billion unless you have a plan to make it back, and more.”