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Founder of 23andMe buys back company out of bankruptcy auction

arstechnica.com Unknown 2025-09-12 21:39:03

Anne Wojcicki has been declared the winner of a bankruptcy auction for 23andMe, the genetics testing start-up she founded, prevailing over a rival bid from Regeneron Pharmaceuticals. TTAM Research Institute, a non-profit public benefit company also founded by Wojcicki, won the auction with a $305 million bid for the 23andMe assets, which will not come with any company liabilities attached. 23andMe filed for bankruptcy in March after rejecting several go-private offers from Wojcicki in recent y

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Anne Wojcicki’s nonprofit reaches deal to acquire 23andMe

techcrunch.com Anthony Ha 2025-09-12 23:55:39

Beleaguered genetic testing company 23andMe announced Friday that it has reached an agreement to sell itself to a nonprofit led by the company’s co-founder and former CEO Anne Wojcicki. Following a massive cyberattack in 2023 and a related lawsuit settlement, 23andMe filed for bankruptcy in March, with Wojcicki resigning in order to become an independent bidder for the company. But pharmaceutical company Regeneron was announced as the company’s acquirer with a $256 million bid. According to th

Topics: 23andme company data genetic ttam
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Anne Wojcicki to buy back 23andMe and its data for $305M

news.ycombinator.com Ashley Capoot 2025-09-13 03:45:58

23andMe founder Anne Wojcicki speaks during a House Committee on Oversight and Government Reform hearing in Washington, D.C., on June 10, 2025. Anne Wojcicki, the co-founder and former CEO of 23andMe, has regained control over the embattled genetic testing company after her new nonprofit, TTAM Research Institute, outbid Regeneron Pharmaceuticals , the company announced Friday. TTAM will acquire substantially all of 23andMe's assets for $305 million, including its Personal Genome Service and Re

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Anne Wojcicki is taking back control of 23andMe

theverge.com Jay Peters 2025-09-13 09:07:57

is a news editor covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme. 23andMe co-founder and former CEO Anne Wojcicki is set to buy back the company after it filed for Chapter 11 bankruptcy protection earlier this year. On Friday, 23andMe and TTAM Research Institute, a nonprofit public benefit corporation run by Wojcicki, announced in a press release that TTAM would be buying “substantially all of the Company’s assets” for $305 million. As of l

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Anne Wojcicki to buy back 23andMe and its data for $305 million

cnbc.com Ashley Capoot 2025-09-13 13:54:45

23andMe founder Anne Wojcicki speaks during a House Committee on Oversight and Government Reform hearing in Washington, D.C., on June 10, 2025. Anne Wojcicki, the co-founder and former CEO of 23andMe, has regained control over the embattled genetic testing company after her new nonprofit, TTAM Research Institute, outbid Regeneron Pharmaceuticals , the company announced Friday. TTAM will acquire substantially all of 23andMe's assets for $305 million, including its Personal Genome Service and Re

Topics: 23andme company research ttam wojcicki
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