Anne Wojcicki to buy back 23andMe and its data for $305M
cnbc.com
cnbc.com
Anyone know if its a legitimate non-profit or one of the "sort of" non-profit?
From the press release [3] ...
> TTAM Research Institute (“TTAM”), a nonprofit public benefit corporation based in California ... The TTAM Research Institute is a nonprofit medical research organization dedicated to helping scientists and non-scientists join together to unravel the mysteries of DNA - the code of life. TTAM believes everyone should have the opportunity to access their individual genetic code and be empowered to contribute it to scientific research. The TTAM Research Institute was founded and is led by Anne Wojcicki.
[1] https://who.is/whois/ttamresearchinstitute.org
[2] https://web.archive.org/web/20250000000000*/https://ttamrese...
[3] https://investors.23andme.com/news-releases/news-release-det...
From Wikipedia: https://en.wikipedia.org/wiki/23andMe
> In an attempt to regain control, Wojcicki made an initial bid in February 2024 to take 23andMe private, offering $2.53 per share in a joint bid, but it did not proceed.[39] In July 2024, Wojcicki offered 40 cents each for all outstanding shares not already owned by her directly or through affiliates.[40] The proposal was rejected by a committee set up to evaluate options for the company's future,[41] and in September the seven independent members of the board of directors all resigned.[42] The company subsequently filed with the SEC indicating that it was no longer open to third-party acquisition offers.[40] Users were concerned about the security of their genetic data, and were trying to delete it from the company's archives only to find out that it holds onto the data for three years before deleting to comply with "legal obligations".[43]
> In January 2025, 23andMe declared that it would need additional liquidity to fund operations, and was actively exploring strategic alternatives including a potential sale of the company.[45] Wojcicki made a third offer of 41 cents per share in March 2025.[39]
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I don't know a lot about her, but she co-founded 23andme and has been tied to it ever since. Maybe it's her baby?
Better do a DNA test to confirm.
Well it's the "TTAM Research Institute's" baby now. They have an office above a UPS store and not much of a website.