Browsed by
Tag: Anne Wojcicki

Court Greenlights Anne Wojcicki’s $305M 23andMe Acquisition Amidst Privacy Concerns

Court Greenlights Anne Wojcicki’s $305M 23andMe Acquisition Amidst Privacy Concerns

Court Greenlights Anne Wojcicki’s $305M 23andMe Acquisition Amidst Privacy Concerns A U.S. Bankruptcy Court judge has approved Anne Wojcicki’s nonprofit, TTAM Research Institute, to acquire genetic testing firm 23andMe for $305 million, marking a significant step in the company’s emergence from Chapter 11 bankruptcy. The transaction, set to finalize in the coming weeks, sees Wojcicki, 23andMe’s co-founder, regain control of the company she started nearly two decades ago. The ruling by Judge Brian C. Walsh on Friday concludes a months-long…

Read More Read More

Court Approves $305M Sale of 23andMe to Nonprofit Led by Former CEO Anne Wojcicki

Court Approves $305M Sale of 23andMe to Nonprofit Led by Former CEO Anne Wojcicki

Court Approves $305M Sale of 23andMe to Nonprofit Led by Former CEO Anne Wojcicki A U.S. bankruptcy court has this week approved the $305 million sale of consumer genetics testing giant 23andMe to a nonprofit organization led by its co-founder and former CEO, Anne Wojcicki. The landmark decision, which received approval on Monday, paves the way for TTAM Research Institute, a California-based nonprofit, to acquire the company, including its telemedicine service Lemonaid Health. The sale comes after 23andMe filed for…

Read More Read More