Deals
Wojcicki ‘Committed’ to Taking 23andMe Private as Board Quits
- All seven independent directors resigned faulting buyout offer
- Taking DNA testing firm private best for long term: Wojcicki
Anne Wojcicki at the South by Southwest festival in Austin in 2023
Photographer: Jordan Vonderhaar/Bloomberg
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23andMe Holding Co. co-founder and Chief Executive Officer Anne Wojcicki told employees that she remains committed to taking the genetic testing company private following the resignation of its independent board members.
“I continue to believe that we will be better positioned to achieve our mission and goals outside of the short-term pressures of the public markets and that taking 23andMe private will be the best opportunity for long-term success,” Wojcicki said in a memo that was reviewed by Bloomberg News.