Anne Wojcicki’s nonprofit reaches deal to acquire 23andMe
23andMe has agreed to be acquired by TTAM Research Institute, a nonprofit led by co-founder and former CEO Anne Wojcicki.
MAIN POINTS
- 23andMe is a genetic testing company facing challenges.
- The company will be sold to TTAM Research Institute.
- Anne Wojcicki, co-founder and former CEO, leads TTAM Research Institute.
- The agreement was announced on a Friday.
TAKEAWAYS
- 23andMe's acquisition reflects its current struggles in the market.
- TTAM Research Institute is a nonprofit organization.
- Anne Wojcicki's leadership may influence the company's future direction.
- The sale marks a significant change in 23andMe's ownership structure.