- M&A
- June 13, 2025
- 2 minutes read
Founder Anne Wojcicki Wins Bid For Bankrupt 23andMe
Anne Wojcicki, founder of DNA-testing company 23andMe, has won an auction for the company, which filed for bankruptcy in March…
Anne Wojcicki, founder of DNA-testing company 23andMe, has won an auction for the company, which filed for bankruptcy in March 2025. 23andMe has reached a formal agreement to be acquired by TTAM Research Institute, a public benefit corporation controlled by Wojcicki.
TTAM will pay $305mn to acquire 23andMe, which was once valued at $6bn on the public markets and has burned through over $1bn in venture funding. TTAM’s bid surpasses a previous $256mn bid by pharmaceutical giant Regeneron (NASDAQ: REGN).
Earlier on, TTAM bid $146mn for 23andMe but was outbid by Regeneron. 23andMe agreed to sell to Regeneron in May, but founder Anne Wojcicki filed a counterbid shortly after.
After filing for bankruptcy, 23andMe sparked concerns about its sensitive genetics dataset ending up in untrustworthy hands. Dozens of U.S. states recently sued the company to block the sale of its customer data.
TTAM, the Wojcicki-led firm, stated that it would uphold 23andMe’s existing data privacy policies, which include allowing users to opt out of their data being used for genetic research or to delete their data entirely.
- The U.S. Bankruptcy Court for the Eastern District of Missouri oversaw 23andMe’s bidding process, and its approval is required to close the deal.
- Wojcicki has a considerable personal fortune stemming from her marriage to Google co-founder Sergey Brin in 2007. Google was an early investor in 23andMe. The couple separated in 2013.
