Blackstone said Wednesday that it would acquire DNA-testing firm Ancestry.com for $4.7 billion, marking the first acquisition for the private equity giant’s largest buyout fund. Blackstone will take over for Ancestry’s past private-equity holders, including Silver Lake, Spectrum Equity, Permira and GIC, but GIC will retain a minority stake in the company. The Lehi, Utah-based company has more...
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The Weekend culture policy
Ban It, Divest It or Regulate It? Washington Looks for an Answer to TikTok
Hi, welcome to your Weekend!Interesting dinner table discussion this week: My 13-year-old daughter, hearing about Nancy Scola’s cover story on TikTok’s war in Washington, offered her prediction for what would happen if the U.S. took the drastic step of banning the app.“Every teenager in America would refuse to come out of their rooms,” she said. “They’d be so mad. They just wouldn’t go out...
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