In March 2025, 23andme Filed for Chapter 11 Chapter Security, Asserting It Wold Continue Working while Attempting to search out A Buyer.
“After an intensive review of strategic imaginable picks, we now catch determining that a court-suphermked sale assignment is top-of-the-line course forward to maximize the Value of the Enterprise,” Chair Tag Said in a Press Commence. This can “Come Our Efforts to Handle the Operational and Financial Challenges We Face, Including Extra Payment Reductions and the Resolution of Lawful and Leasehold Liabilities.”
Wojcicki resigned as CEO, Effective Straight, But Remained on the Board. Cfo joe selsavage took or period in-between ceo. The Company’s Inventory Fell About 50% on the Data.
“Whereas I am disenchanted that we now catch come to this warfare and my repeat catch been rejetted, I am supportive of the company and i intend to be a bidder,” wojcicki wrote on X. ” bidder. ”
“We catch had had most successes nonetheless i equally take the Accountability for the Challenges We Hang,” Her Post Persisted. “There is now not any dubt that the challenges faced by 23andme thru an evolving industry model catch been precise, nonetheless my perception within the Company and its Future is unwavering.”
In Could presumably 2025, Regereon Announched It Used to be Procuring 23andme’s Asssets AFTER WINNING A BANKUPTCY AUCTION FOR $ 256 MILLION.
“We belive we are in a position to motivate 23andme bring and originate uppon it mission to motivate other folks learn out their dna and red meat up their deepest health, while fury Regenereds to red meat up the health and wellness of many,” Said regener cofoure and president george in in A Press Commence.
The Company Promised to “Activity All Buyer Non-public Info in Accordance with the Concurs, Privacy Police and Staffements, Terms of Service, and Notices On the 2nd in Plot and Hang Security Controls in Perform Designed to Protect Such Info.”
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