Founder of 23andMe buys back company out of bankruptcy auction

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The winning offer of TTAM requires legal approval and an audience to approve the offer is set for next week.

Several American states have filed objections or prosecution, the court expressing its concerns concerning the transfer of genetic data from customers to a new company, although these can now be discussing due to the continuous involvement of Wojcicki.

An expert hired by the court to examine the data confidentiality problems concerning a sale of 23andme submitted a report on Wednesday which noted that Wojcicki had been director general when a data violation of 2023 compromised 7 million customer accounts. The dispute over the violation continues, although this responsibility remains in the field of bankruptcy to reimburse with the product of the winning candidacy.

Wojcicki was once married to the co -founder of Google, Sergey Brin. 23andme became a public in 2021 thanks to a merger with a white check -in check sponsored by Richard Branson, quickly reaching a market capitalization of nearly $ 6 billion.

The company was in the grip of years of falling income because it could not grow beyond its genetic test activity, in which customers sent saliva samples to be analyzed for medical conditions and family genealogy.

Wojcicki had submitted 40 cents per share to acquire the company before the bankruptcy deposit.

The actions of 23andme, which are now negotiated on the counter, have changed $ 5.49 on the belief that the company will stage a recovery after having settled the dispute.

abdulmanannet77@gmail.com1 week ago

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