CNBC February 21, 2025
Key Points
– 23andMe CEO Anne Wojcicki and New Mountain Capital have submitted a proposal to take the company private.
– They are offering to buy all outstanding shares in cash for $2.53 per share, or an equity value of approximately $74.7 million.
– The deal still needs to be approved by 23andMe’s special committee of independent directors.
23andMe CEO Anne Wojcicki and New Mountain Capital have submitted a proposal to take the embattled genetic testing company private, according to a Friday filing with the U.S. Securities and Exchange Commission.
Wojcicki and New Mountain have offered to acquire all of 23andMe’s outstanding shares in cash for $2.53 per share, or an equity value of approximately $74.7 million. The company’s stock...
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