US EditionAnne Wojcicki to buy back 23andMe and its data for $305 million
- On June 14, 2025, TTAM Research Institute, a nonprofit led by Anne Wojcicki, reached an agreement to purchase 23andMe's assets for $305 million in Missouri bankruptcy court.
- The sale follows 23andMe's March 2025 Chapter 11 bankruptcy after a 2023 data breach and 2024 layoffs impacted millions of customers and 40 percent of staff.
- TTAM outbid Regeneron's $256 million offer after a judge reopened bidding, requiring Regeneron to exceed TTAM's bid by $10 million, which it declined to do.
- More than 11 million customers submitted DNA to 23andMe, raising privacy concerns; New York's Letitia James stated 23andMe cannot auction genetic data without explicit consent.
- If the court approves, TTAM will control 23andMe, continuing its mission to help people access genome data while promising to uphold privacy policies and add consumer protections.
19 Articles
19 Articles
TechCrunch
Anne Wojcicki’s nonprofit reaches deal to acquire 23andMe
Beleaguered genetic testing company 23andMe announced Friday that it has reached an agreement to sell itself to TTAM Research Institute, a nonprofit led by the company's co-founder and former CEO Anne Wojcicki.
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. A bankruptcy judge agreed to reopen bi…
23andMe’s founder Anne Wojcicki wins bid for bankrupt DNA testing firm
Anne Wojcicki is set to regain control of 23andMe after a $305 million bid from a nonprofit she controls topped Regeneron Pharmaceuticals' offer for the DNA-testing company in a bankruptcy auction.
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