Anne Wojcicki's Non-Profit Secures Court Approval to Acquire 23andMe for $305 Million
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Author:小编   

Anne Wojcicki has triumphantly secured court approval for the acquisition of 23andMe (ticker: MEHCQ), the genetic testing firm she co-founded nearly two decades ago. This milestone will be achieved through Wojcicki's non-profit entity, TTAM Research, which will acquire "substantially all" of the assets of San Francisco-based 23andMe for a sum of $305 million. This development follows more than three months after 23andMe filed for Chapter 11 bankruptcy protection and is anticipated to be officially completed within the forthcoming weeks.