23andMe founder Anne Wojcicki will regain control of embattled DNA company after all
In a surprise twist, 23andMe founder and former CEO Anne Wojcicki is set to regain control of the DNA company's assets, according to a press release from 23andMe. In May, a company called Regeneron bought 23andMe for $256 million in a bankruptcy auction, but Wojcicki's nonprofit, TTAM Research Institute, was able to reopen bidding with an "unsolicited offer" of $305 million, The Wall Street Journal reports.<br /> A bankruptcy judge agreed to reopen bidding on 23andMe under the condition that Regeneron top Wojcicki's proposed price by at least $10 million, according to WSJ. Regeneron declined, leaving 23andMe in TTAM's control assuming the judge approves the deal. A hearing to consider the new deal is set for June 17, 2025.<br /> Regeneron had previ [...]
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