CNBC July 31, 2024
Key Points
– 23andMe CEO Anne Wojcicki has submitted a proposal to take the genetic testing company private.
– She is prepared to acquire all of 23andMe’s outstanding shares of common stock in cash for 40 cents per share, according to a filing with the SEC on Wednesday.
– 23andMe has struggled to generate steady recurring revenue since customers only needed to take its DNA test once to get their results.
Anne Wojcicki, CEO of 23andMe, has submitted a proposal to take the genetic testing company private as its stock price continues to hover below $1.
Wojcicki said she was prepared to acquire all of 23andMe’s outstanding shares of common stock in cash for 40 cents per share, according to...
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