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23andMe Reaches Agreement for Sale of Business to TTAM Research Institute Following Final Round ...
- On June 14, 2025, 23andMe agreed to sell substantially all its assets to TTAM Research Institute, a nonprofit led by Anne Wojcicki, for $305 million.
- This deal followed 23andMe's Chapter 11 bankruptcy filing in March 2025 after struggles including a data breach in 2023 and mass layoffs in 2024.
- The bankruptcy court reopened the bidding process allowing TTAM to outbid Regeneron's $256 million offer, which Regeneron declined to exceed by $10 million.
- More than 11 million customers submitted DNA to 23andMe, raising privacy concerns and legal challenges led by 28 states, citing lack of consent for genetic data sale.
- If approved, TTAM will maintain 23andMe's privacy policies, establish a Consumer Privacy Advisory Board, and continue its mission to empower individuals about their genetic data.
16 Articles
16 Articles
TechCrunch
RocketNewsAnne 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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