23andMe CEO Anne Wojcicki considers taking company private three years after IPO

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23andMe CEO Anne Wojcicki is considering a proposal to take the genetic testing company private

after it has struggled to juice its stock price.Wojcicki is working with advisors and plans to begin speaking to possible financing sources and partners, according to an SEC filing late Wednesday.

The committee said it has been made aware of Wojcicki's interest in acquiring all of 23andMe's outstanding shares, according toThursday. She currently owns shares that make up more than 20% of those outstanding, which equates to around 49% of voting power, the release said.

Source: News Formal (newsformal.com)

 

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