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NEW YORK – Blackstone said it has reached an agreement to acquire Ancestry in a deal worth $4.7 billion, the companies announced today. The New York-based multinational investment company will acquire Ancestry from current stakeholders Silver Lake, Spectrum Equity, Permira, and others.

Current Ancestry investor GIC will retain a minority stake in the company following the deal, the firms noted. They did not provide a timeline for when the transaction will be completed.

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