23andMe's founder Anne Wojcicki wins bid for bankrupt DNA testing firm

By Siddhi Mahatole and Mariam Sunny - 6/13/2025

</head><body><p>By Siddhi Mahatole and Mariam Sunny</p><p>(Reuters) -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. </p><p>Last month, Regeneron agreed to buy the firm for $256 million, topping a $146 million bid from Wojcicki and the non-profit TTAM Research Institute.</p><p>The deal is expected to close in the coming weeks after a court hearing currently scheduled for June 17, the company said on Friday.</p><p>Once a trailblazer in ancestry DNA testing, 23andMe filed for bankruptcy in March, seeking to sell its business at auction after a decline in demand and a 2023 data breach that exposed sensitive genetic and personal information of millions of customers.</p><p>TTAM said on Friday it would uphold 23andMe's existing privacy policies and comply with all applicable data protection laws.</p><p>Earlier this week, New York and more than two dozen other U.S. states sued 23andMe to challenge the sale of its customers' private information. </p><p>The U.S. Bankruptcy Court for the Eastern District of Missouri oversaw the bidding process. </p><p>Regeneron had said it was willing to make a new bid, but wanted a $10 million breakup fee if Wojcicki's bid is ultimately accepted. </p><p> (Reporting by Siddhi Mahatole and Manya Saini in Bengaluru; Editing by Sriraj Kalluvila)</p></body></html></p> <div id="news-wrapper"> <div class="thumbnail additional-resources client-content-image-box"> <div class="box-image" style="background-image: url(/images/home/news.jpg);"></div> <div class="caption"> <h3>Nationwide News</h3> <div> <p><a href='/aging/news-archive.aspx'>News Archive</a></p> </div> </div> </div> </div> </div> </div> </div> </section> </div>  <footer class="footer">  <div class="clearfix footerInfo"> <div class="container"> <div class="row"> <div class="col-sm-7 col-xs-12"> <div class="footerText"> <a href="http://www.trilogyir.com/" target="_blank" class="footerLogo"><img src="/images/Noc-Logo-white.png" alt="Footer Logo" style="width: 200px;"></a> <div class="genericContent" id="landingPageText"> <p>The Network of Care is a comprehensive, Internet-based community resource for seniors and persons with disabilities, as well as their caregivers and service providers.</p> </div> <h3 id="lblTechAssistance" style="color: #fff; 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23andMe's founder Anne Wojcicki wins bid for bankrupt DNA testing firm