Prices at the Pumps - April 17, 2024 #saltwire #energymarkets #pricesatthepumps #gasprices - 23andMe co-founder and chief executive Anne Wojcicki is considering making an offer to buy the genetics testing company in a potential go-private transaction, a regulatory filing on late Wednesday showed.
Last week, Wojcicki notified members of the board's special committee that she is considering a potential go-private transaction for 23andMe and indicated that she would begin speaking to partners and financing sources.23andMe declined to comment on the filing and Wojcicki did not immediately respond to a Reuters' request for comment.
Last year, the company informed several customers of a data breach in the"DNA Relatives" feature that allowed them to compare ancestry information with users worldwide. 23andMe, best known for its saliva-based test kits that offer users a glimpse into their genetic ancestry went public in 2021 through a blank-check firm, backed by Virgin Group founder Richard Branson, in a deal that valued the merged entity at $3.5 billion.
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