23andMe Files for Bankruptcy: What Genealogists Need to Know

Here’s a useful article about what is going on with the 23andme chapter 11.

23andMe Files for Bankruptcy: What Genealogists Need to Know

On Sunday, March 23, 23andMe–one of the world’s largest consumer genetic testing companies–announced that it is filing for Chapter 11 bankruptcy. The company also revealed that its CEO and co-founder, Anne Wojcicki, has stepped down and it appears that she is positioning herself as a potential buyer.

According to its official statement, 23andMe has initiated voluntary Chapter 11 proceedings and intends to continue operating as usual throughout the process. If approved by the bankruptcy court, 23andMe will seek to sell all of its assets in an effort to restructure. …

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *