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Articles related to "private-equity-funds"


Blackstone to Acquire Ancestry.com for $4.7B

  • 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.
  • 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.
  • Blackstone is buying Ancestry.com from private equity firms Silver Lake, Spectrum Equity and Permira.
  • Singapore’s sovereign wealth fund GIC, another Ancestry.com investor, said it will continue to maintain a significant minority stake in the company.
  • The acquisition’s price tag represents a significant jump to Ancestry.com’s valuation from four years ago, when Silver Lake and GIC invested in the Lehi, Utah-based company at a $2.6 billion valuation.
  • All quotes delayed a minimum of 15 minutes.
  • See here for a complete list of exchanges and delays.

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Trump gives Microsoft 45 days to clinch TikTok deal

  • NEW YORK/WASHINGTON (Reuters) - President Donald Trump only agreed to allow Microsoft Corp (MSFT.O) to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said on Sunday.
  • Trump said on Friday he was planning to ban TikTok amid concerns that its Chinese ownership represents a national security risk because of the personal data it handles.
  • But following a discussion between Trump and Microsoft CEO Satya Nadella, the Redwood, Washington-based company said in a statement on Sunday that it would continue negotiations to acquire TikTok from ByteDance, and that it aimed to reach a deal by Sept.
  • This is a deadline that was put to ByteDance and Microsoft by the Committee on Foreign Investment in the United States (CFIUS), which scrutinizes deals for potential national security risks, according to the sources.

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